William S. Lear rael at zopyra.com
Thu Feb 11 10:33:21 PST 1999

On Thu, February 11, 1999 at 10:51:37 (-0500) Doug Henwood writes:
>What I don't get is how there seems to be no "economic" impact from this
>pervasive indifference and ignorance. How does the most technologically
>advanced and organizationally complex economy in the world keep chugging
>along when staffed by these former undergrads? Is it that we need maybe 5%
>of the labor force to be sophisticated with the other 95% made up of loyal

Doesn't Lazonick address this in part? If I remember correctly, the argument is that we are "extracting value" rather than building it, sort of living on borrowed time...


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