Monday , December 23 2024
Home / Mike Norman Economics / George Monbiot – Sick of this market-driven world? You should be

George Monbiot – Sick of this market-driven world? You should be

Summary:
The self-serving con of neoliberalism is that it has eroded the human values the market was supposed to emancipate I remember having to go to company meeting once with about twenty other people to be indoctrinated with the company's ethics and future plans.At one point we were all asked if we could think of any ideas where our company could branch out and make more money, after all, our jobs depended on it, we were told, and the competition was hot, they said, so we needed to be innovative and more dynamic.Lots of people came with ideas, and everyone, especially the managers, seemed to be trying to out-compete each other with the best one. Even I came up with a good idea at one point, well, so said one of the managers.Most people did very long hours at the company, and I wondered,

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Andreas Cervenka och den svenska bostadsbubblan

Mike Norman writes Trade deficit

Merijn T. Knibbe writes Christmas thoughts about counting the dead in zones of armed conflict.

Lars Pålsson Syll writes Debunking the balanced budget superstition

The self-serving con of neoliberalism is that it has eroded the human values the market was supposed to emancipate


George Monbiot - Sick of this market-driven world? You should be

I remember having to go to company meeting once with about twenty other people to be indoctrinated with the company's ethics and future plans.

At one point we were all asked if we could think of any ideas where our company could branch out and make more money, after all, our jobs depended on it, we were told, and the competition was hot, they said, so we needed to be innovative and more dynamic.

Lots of people came with ideas, and everyone, especially the managers, seemed to be trying to out-compete each other with the best one. Even I came up with a good idea at one point, well, so said one of the managers.

Most people did very long hours at the company, and I wondered, if really, they were all as bored as I was. I looked out of the window and saw the beautiful green fields a few miles away being bathed in gorgeous sunshine and longed to be there.

This is a really good article by George Monbiot.



The workplace has been overwhelmed by a mad, Kafkaesque infrastructure of assessments, monitoring, measuring, surveillance and audits, centrally directed and rigidly planned, whose purpose is to reward the winners and punish the losers. It destroys autonomy, enterprise, innovation and loyalty, and breeds frustration, envy and fear. Through a magnificent paradox, it has led to the revival of a grand old Soviet tradition known in Russian as tufta. It means falsification of statistics to meet the diktats of unaccountable power.

The Guardian 

George Monbiot - Sick of this market-driven world? You should be
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *