Below is a terrific column about the pernicious, malignant effect of a phony, pseudo-academic degree: the Master of Business Administration--the MBA.
Haven't you ever wondered how people like Henry Ford, Andrew Carnegie, Cornelius Vanderbilt, et. al., created the American industrial state when they didn't even have high school educations much less MBAs? By hard work, experience, good judgment, gumption--all the things you can't teach (and certainly won't learn) at business schools. Instead, at contemporary business schools you get taught the latest statistical methods and lots of opaque jargon and all sorts of legal arcana, and if you can stomach all this you get a fancy diploma that's supposed to be the gold standard in management, except for one unhappy fact: you have no actual business experience. You can get an MBA without ever having a job--or even running a lemonade stand. That's why it's a degree in "business administration." Any schmuck can be an administrator. What skill does that take? All you need is a job title. How many of these people coming out of the business schools can be good businessmen, much less great businessmen?
According to the column below, just about nobody. Instead they're the opposite of good businessmen; they're wreckers of businesses big and small precisely because they don't know how to be businessmen. That's why these high-priced, over-educated, untalented, know-nothing incompetents wrecked America's financial system and are now wrecking what's left of America's manufacturing, transportation, construction, and retail industries.
Henry, Andrew, and Cornelius must be rolling over in their graves!
Read it here
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