Archive for the ‘policy’ Category

Policy vs Politics

Policy is about what would make society best (“best” being entirely subjective and open to argument).  Politics is about who is in power and how they share power and the benefits that power brings.  You can argue about policy all you want, but the team that plays better politics makes the policy.  Politics can constrain [...]

Estate Tax and Meritocracy

From a research paper on international management practices and their effect on firm success: One interesting group are the family firms, defined in our research as firms owned by the descendants of the founder… Those that are family owned and family managed (“Family, Family CEO”) have a large tail of badly managed firms, while the [...]