Meritocracy

Redistributionism, antitrust, and education are just Band-Aids promoted by a disconnected managerial elite.Workers leaving Pennsylvania shipyards, Beaumont, Texas, 1943. (Library of Congress)The implicit theory of technocratic neoliberalism is that the U.S. and other Western societies at this point are essentially classless societies in which the only significant barriers involve race…

SAN FRANCISCO, CALIFORNIA - MARCH 05: Stephen Curry #30 of the Golden State Warriors warms up ... before their game against the Toronto Raptors at Chase Center on March 05, 2020 in San Francisco, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this…

IN HIS AUTOBIOGRAPHY, published soon after retiring from GE in 2001, Jack Welch explained the challenge he had faced when taking over as chairman and chief executive of the iconic American company 20 years earlier. The firm had grown top-heavy and sclerotic. Some divisions had not posted profits in over…

After Joe Biden’s big Super Tuesday wins, it’s obvious that he’s the Democratic frontrunner. And all of a sudden, Republicans are talking about Hunter Biden and Ukraine again — with Senate Homeland Security Chair Ron Johnson (R-WI) telling reporters on Wednesday that he plans to issue some kind of report…

Family businesses are a cornerstone of the global economy, representing an estimated 70% to 90% of the global GDP and 50% to 80% of jobs in the majority of countries worldwide. If you look in the United States alone, you will find 5.5 million family businesses, and you will also…

A psychological perspective on wealth, merit, and compassion. Posted Mar 03, 2020 Recent political events have many asking: "Is it moral to be a billionaire?" Source: Matt Lamers/Unsplash With billionaire Democratic candidate Mike Bloomberg recently qualifying to participate in the Democratic presidential primary debate, many people have had questions about…

Jack Welch, the former CEO of General Electric and one of the most influential business managers of the twentieth century, died Monday. He was 84.Welch spoke with 60 Minutes ahead of his retirement in 2001. At that point, he had spent the last two decades making G.E. competitive by aggressively…

Nora Denzel in conversation with Rob Wolcott for 3 Billion Seconds. ROBERT C. WOLCOTT Nora Denzel has always embraced change. While “women in tech” has become a big deal in the past decade, Denzel has been in the tech game since the 1980s. From high school hobbyist (her first kit…

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Photographer Artyom Tonoyan shared this image of Ai Weiwei’s “Safe Passage” at the Minneapolis Institute of Arts (known as Mia), consisting of 2,400 life jackets once worn by refugees making the journey from Turkey to Greece. They were originally donated to Ai by the authorities in Lesbos, Greece. The work…