teaching.

[William S. Lear]

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
>drones?

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...

Bill