DOk course I daily keep up with a wide range of subjects and read heavily on them—which is quite a task if I were to think about it. It’s for no other reason than I have a lot of passion for many things. For instance, I forgot to sleep over the past weekend for both Friday and Saturday nights because there wasn’t enough time to do everything I wanted to do on those days. Sleep was not an option. But of those things I have not read lately much in the financial journals. You might remember my alarm while buying a car recently at the extremely low-interest rates. CLICK HERE TO REVIEW. I have been thinking about other things, so didn’t really hear the loud voices coming from people like Carl Icahn about low-interest rates. However, as a Trump supporter for president, I did notice the Icahn had endorsed Trump and his tax package for reasons that I had noted centering on interest rates. Icahn is one of the most respected investors in the world so I felt a little pride at recognizing something that he was uttering which should concern every American immensely. Icahn put his thoughts together in a video called Danger Ahead that should explicitly encourage people to favor Donald Trump. The situation is dire and requires immediate attention. I’ve been warning about this phase in the American economy for a long time, but now that it’s here, we have to take action to solve the problem as we are well beyond the point of no return.
Icahn has done several such videos and doesn’t just stop on the corporate inversion concerns mixed with extremely low-interest rates. He goes further and addresses the other major crises present in America, which is so grossly obvious in politics and in business—our society has lost the quality of its people to do basic business. As a supporter of unfettered capitalism, the only way to keep everything in reasonable check is for people to function from a distinct cultural morality. For instance, as Icahn points out, many of today’s CEOs, and Board of Directors along with hedge fund investors are morally bankrupt so they invite snake oil salesman in the form of politicians to induce unneeded regulation on economic matters further restricting the free flow of financial expansion. Icahn has specifically pointed to a particularly low quality breed of manager class that has emerged in America which is proving to be catastrophic to our ability to deal with the financial crises that is coming.
To be a good manager a person has to function from a general foundation of ethical behavior. If a manager has hidden deep within their psychosis insecurities and didactic desires, they are likely unequipped to be good managers. Even worse, in the chain-of-command structure of most American business managers are reluctant to put second-in-commands to nip at their heels challenging their authority with anybody competent. So the incompetent are often the types who find promotions. The best and the brightest are most of the time left to die in some corner of a manufacturing environment as the worst and weakest thrive. This is a trend that has been going on for a long time—so it’s nothing new. But it’s beginning to have an effect on our national GDP that is measurable.
I can say from experience that the world is dying in regard to management. It’s really bad in the United States—most people on the other end of the phone or on an email are completely incompetent for their positions. They are culturally destroyed so that they are not equipped to function in a modern business environment. Good management is becoming a serious lost art in America, but it’s not limited to our borders—it’s the world over. The primary fault of these phenomena is our education systems which have been heavily influenced by politicians who know next to nothing about money. There is serious knuckle-dragging going on in modern business, when the issue should be reversed. Considering what is spent on modern education we should have the opposite problem. So the blame is on our educations system.
There is some criticism of Donald Trump and his Trump University that was in operation during the last decade. Essentially, Trump wanted to create a new generation of business leaders with his education institution infused with his perpetual optimism. It was a failed enterprise, so many in the media are pointing toward that failure to hang on Trump the selling of false promises as if the whole thing had been a scam—and why the billionaire would be a failed president. But where Trump would succeed as president but not as the head of a university is due to the Metaphysics of Quality which I’ve talked about extensively before. CLICK TO REVIEW. Trump as a president is largely a salesman for all things Americana whereas institutional learning cannot teach people to think from the front of the train of thought. Leaders are a special breed. As president, Trump can help create an environment for leaders to emerge, but education institutions cannot make poor managers into good forward thinking people. It just doesn’t work for the masses. Trump tried, but not everyone was ready for the effort of leadership, and this is what’s essentially wrong with all education institutions—even ones infused with optimism of Donald Trump. It takes great leadership to create good managers, and leadership is not the criteria used to invoke promotions. Instead, we have created a system of brown-nosing and schmoozing to accomplish promotions—and that doesn’t automatically create leaders. Leadership cannot be bought with the price of tuition, it has to emerge from within individuals who have value and know how to spot it in others.
Trump and Icahn are free to say what they think because they are rich. They don’t have to worry about making anybody above them angry with their opinions—which most smart people in the world are very concerned about—because their upward mobility depends on it. If they show up their boss—who may well be an incompetent loser, they may not be able to buy that house next year, or a new car. I’ve had the opportunity to do a lot of hiring over the years and a common question I ask of new employees is how hungry they are to perform the task they are being hired for. I say to them that I expect them to challenge me for my job—that I want them to bring their best to the game table. I don’t want ass-kissers, or appeasers of any kind. I want people who will challenge themselves every day and look beyond me for their opportunity. I never worry about somebody down talking me to someone else because my reputation speaks for itself. All people who are involved in management should feel that way. But they don’t. They watch with fearful eyes always over their shoulders worried that somebody might notice that they are incompetent—because they have been taught that having faults and being not so good at things was a virtue rather than a detriment that it truly is. Trump and Icahn at their senior ages can afford to be critical. They may not have felt so comfortable saying these things 20 years ago, but now they are because the evidence is so grossly obvious. For the record though, I have always said these types of things, so it’s nice to see others joining the party especially people like Carl Icahn.
The net result of this present debacle is due to the failed philosophy of power within the collective instead of the value of individual merit. When Icahn says that the unions are somewhat at fault for the situation, he means that good managers have thrown up their hands and tossed the meat to the dogs instead of sticking around to fight it out. Those who do tend to stick around these days are the suck asses and losers who are more interested in titles than in the merit of their positions. As low quality people, they look toward the position of their office for social value leaving them little intellectually to provide the masses by way of leadership. So America has destroyed one of its valued commodities—the breeding of good hard-nosed leaders of which people like Trump and Icahn are a dying breed. They are both looking for one last shot at fixing the world starting with America—because both are old men who I believe want to leave the earth better than when they found it. And right now, the risk is that they will leave it far worse—not because of them—but in spite of their efforts.