When business tries Darwinism ...
What you get is Enron, a friend writes,
Just watched "The Smartest Guys in the Room" (about Enron's downfall). Two things you might be interested in from the movie:
1. Skilling made *explicit* use of Darwinian principles in running the company. He was inspired by The Selfish Gene, and had an employee review process which mimicked natural selection to remove the least fit employees.
2. The stock price was kept high simply because no one ever took a serious look at their books. Anyone who did was threatened, and then bought out, and lone voices were silenced (I think there was a mention of a Merrill-Lynch person who downgraded Enron's stock, and Enron made them fire the employee, and afterward gave them lucrative deals). When people asked them how they made money, there was a lot of handwaving (similar to how Darwinists respond when people ask how natural selection produces information).Read more »
Labels: selfish gene