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Jack Welch, the Man Who Broke Capitalism (2022)

(www.forbes.com)
122 points throw0101b | 1 comments | 02 Jul 25 10:31 UTC | HN request time: 0.218s | source
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camillomiller ◴[02 Jul 25 11:53 UTC] No.44442592[source]▶
The fundamental problem I have with this analysis is that it won’t consider a simple assumption: Jack Welch was just better at the capitalism game than others. He didn’t rewrite the written rules, he just didn’t care about the ethic-based unwritten ones. With the decline of historical ideologies, hyper-individualism took over. Welch was just very good at understanding that some invisible boundaries didn’t apply anymore, and that the zeitgeist was shifting in that direction.
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1. bryanlarsen ◴[02 Jul 25 13:54 UTC] No.44443774[source]▶
Jack Welch destroyed GE. He wasn't good at capitalism, he was perniciously bad at it. He destroyed hundreds of billions of dollars worth of capital in return for hundreds of millions worth of personal gain.

What he was good at was exploiting the system for personal gain.