[cangeroo]

Indeed!

I wonder what caused all this madness. Doesn't it degrade productivity? And thereby hurt profitability? And thereby the attractiveness of such strategies?

It sometimes seem to me like profit motive has been replaced by a power motive, like money isn't real anymore, but the legitimacy of private ownership is. Basically aristocracy 2.0.

I'd be happy to hear your thoughts on this, and why there aren't competitive alternatives in an otherwise free market.

[surfingdino]

Trust fund kids do not need to work, they just choose to do so and they like to watch lower management jump up trying to catch the carrot dangled in front of them. Aristocracy never disappeared only it took them a while to learn how to use modern inventions. Look at who's working as a "trustee" for a lot of projects and watch how everyone is trying to lick their arse in the most imaginative ways.