My impression is that, in the US, regulation is like everyone over the age of 7 having to wear a 30 pound pack all the time. It's a very bad rule for children, sick people, and old people, and a cost generally, but most people can deal with it.
Bad management is more like Parkinson's disease, or something else equally serious.
Bad management is more like Parkinson's disease, or something else equally serious.
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Date: 2008-09-08 05:23 pm (UTC)no subject
Date: 2008-09-08 05:45 pm (UTC)no subject
Date: 2008-09-08 08:16 pm (UTC)And we can disagree all day on whether some regulation is "good" or "bad", while bad management is easy to see.
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Date: 2008-09-08 05:29 pm (UTC)Bad regulation is self-enhancing. Screw-ups caused by inept regulation often are "fixed" with more regulation or direct control (for example, the federal takeover of Fannie Mae).
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Date: 2008-09-08 05:50 pm (UTC)Part of the problem seems to be that there's little feedback to limit bad advice to businesses. If your competitors are making mistakes of the same magnitude that you are, the dead hand can move very slowly.
And it can take decades to wreck a sufficiently large company.
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Date: 2008-09-08 11:25 pm (UTC)I suspect that you think the managers who rode it into the ground will just disappear, rather than what they will actually do next.
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Date: 2008-09-08 06:46 pm (UTC)no subject
Date: 2008-09-08 07:08 pm (UTC)no subject
Date: 2008-09-08 08:56 pm (UTC)It reads like one of those false either-or dichotomy arguments that are used in the US to distract people from noticing what's really going on in their political environment. Which shouldn't be a surprise, since the discussion grew out of something a Limbaugh fan said to you, and Rush Limbaugh is a prime vector for superficial distracting propaganda.
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Date: 2008-09-08 08:14 pm (UTC)It's not all the same kind of management or mismanagement, and regulation may or may not have something to do with some of it, but not all of it.
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Date: 2008-09-09 12:20 am (UTC)--albatross
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Date: 2008-09-09 12:31 am (UTC)no subject
Date: 2008-09-10 05:54 am (UTC)Individuals, or groups without much power, are generally protected by regulations. You can count what OSHA costs a company, but when fewer employees get hurt (because an OSHA-compliant plant is safer), it's the individual employees who benefit. Sometimes the company is saving some money on worker compensation payments, or health insurance, but it's never as much real benefit as the workers are realizing by not getting hurt in the first place. (Workers without much money or bargaining power are less likely to have employer-paid insurance. And don't worker comp requirements count as regulations, anyhow?)
OSHA has saved my life any number of times. So has the FDA. I know a lot of people are upset with the FDA because it takes so long to approve new drugs. But when I get medication from the pharmacy, I know what I'm getting. I'm confident the manufacturer is following FDA regulations about labeling, so I know how many mg of what drug. I can even find out inactive ingredients, and so if there are pills made without lactose, I can find them. That's not regulation saving my life, it's just regulation making me not throw up, but it's nice anyhow.