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The Peter Principle: Why Things Always Go Wrong: Difference between revisions
The Peter Principle: Why Things Always Go Wrong (view source)
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Once you understand this, the breathtaking mediocrity of large organisations ceases to be a mystery: what is a mystery is how organisations produce anything of worth or merit at all. | Once you understand this, the breathtaking mediocrity of large organisations ceases to be a mystery: what is a mystery is how organisations produce anything of worth or merit at all. | ||
===The mathematics of incompetence=== | |||
As formulated by the authors: | |||
{{Quote|''Incompetence plus incompetence equals incompetence.''}} | |||
But this doesn’t quite capture it, for as we we know no, out of this summed, universal incompetence somehow yields some value. Indeed this is the singular wonder of modern global capitalism: how something steered, collectively, by such a bunch of patent morons, can produce anything worthwhile at all. And clearly, persistently, it does, notwithstanding the byproducts and idiotic externalities it generates (the [[human resources]] military industrial complex, for example, seems [[calculated]] specifically to do nothing but frustrate the tenets of basic common sense and good judgment, yet is the most powerful infrastructure component of any modern corporation. | |||
{{sa}} | {{sa}} | ||
*[[Agency problem]] | *[[Agency problem]] | ||