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{{a|book review|}}{{br|The Peter Principle}}, by Dr. {{author|Laurence J. Peter}} and {{author|Raymond Hull}}{{quote|“I don’t know whether the world is run by smart people who are putting | {{a|book review|}}{{br|The Peter Principle}}, by Dr. {{author|Laurence J. Peter}} and {{author|Raymond Hull}}{{quote|“I don’t know whether the world is run by smart people who are putting it on, or imbeciles who really mean it.”}} | ||
This classic satire of modern management is, of course, largely correct and — but for some rather dated scenarios and value judgments — remains highly relevant to explain the mess of modern [[middle management]]. | This classic satire of modern management is, of course, largely correct and — but for some rather dated scenarios and value judgments — remains highly relevant to explain the mess of modern [[middle management]]. | ||
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As formulated by the authors, in the same way the it does with infinity: | As formulated by the authors, in the same way the it does with infinity: | ||
{{Quote|''Incompetence plus incompetence equals incompetence.''}} | {{Quote|''Incompetence plus incompetence equals incompetence.''}} | ||
But this doesn’t quite capture it, | But this doesn’t quite capture it for, as we know, out of this summed, universal, [[reductionism|irreducible]] incompetence somehow comes significant ''[[value]]''. This is the singular wonder of modern global capitalism: how something steered, collectively, by such a bunch of morons can produce anything worthwhile at all. And clearly, persistently, reliably and notwithstanding the byproducts and idiotic externalities it generates,<ref>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.</ref> it ''does''. | ||
{{sa}} | {{sa}} | ||
*[[Agency problem]] | *[[Agency problem]] |