Comment Re:Is that because of the monopoly? (Score 1) 47
I put an awful lot of the blame on the introduction of the 'Business Ethics' courses in the '70s, and the flood of MBAs with no real-world employment experience in the '80s. When you have guys that have never worked a day in their lives (and six figures of debt) coming in to manage businesses about which they know little to nothing, having been erroneously taught that their one and only duty is to enrich shareholders, it's a recipe for disaster. Then combine that with executive pay plans hyper-focused on quarterly returns, and the resulting meltdown was utterly predictable and unfortunately unavoidable.