There’s been a real “soul searching” discussion within Harvard Business School about it’s responsibility in having trained many of the people whose business practices got the world into our present still worsening economic crisis. It was reported today on NPR.
It seems they have discovered they should teach business leaders to take some responsibility, not just make as much money as humanly possible and push the risks on others… That’s great if you believe it. I wonder it is even possible for people making money not to want to push their risks on others, to not “optimize” the making of money? That is not being asked yet as far as I can tell.
Another thing not being asked yet seems even more telling. Still clearly missing from the public eye, and the professional soul searching all around, is the question of why our economic system produces catastrophic systemic risk at all.
missing from the professional “soul searching” is asking why making money has always so regularly created systemic risk
You simply can’t pop a bubble that isn’t under a lot of accumulated pressure, is the physics principle. There’s got to be a pump, with pressures not being relieved. Continue reading Harvard Business School, searches its soul