1st article:"... the growth of the financial industry has only exacerbated the trend toward balance-sheet-driven management. Companies everywhere, but particularly in the U.S., where the banking sector wields the most power, are under tremendous short-term pressure to make their quarterly numbers. This often leads to planning that's reactive rather than smart..."
2nd article: "...Even after the financial crisis, a survey of the world’s one hundred top business schools (most of them in the United States) found that only half of all MBA programs make ethics a required course, and only 6 percent deal with issues of sustainability in their core curriculum, despite the fact that a large body of research shows that firms that focus on these issues actually have higher longer-term performance. Instead, students are taught that what matters most is maximizing profits and bolstering a company’s share price. It’s something they carry straight with them to corporate America...."
When usofa was on top ('40s - mid/late '70s) finance industry 20% manufacturing 60%, now finance industry 60%, manaf is 20% of economy. "Make money: not products we use" is the thing they're after. Make it on the short term at all (1/4ly report). No sustainability, depth, future, now. (Basically capitalism anyway). Boom'n bust. I had it in the housing industry, as a machinest, etc...lill off the bronks. Sorry (but true) 8^ (
