Skip to comments.New video: When I grow up, I want to be a crony
Posted on 08/23/2012 10:42:05 AM PDT by wewillnotcomply
Children used to have aspirations to achieve greatness in the private sector. But what are they learning now?
Watch this video at Fox Nation and click "Fire it up!" on the top left if you really like it.
(Excerpt) Read more at nation.foxnews.com ...
Funny and , sadly , all too true.
Cronyism by those who are competent and accountable can be a good thing. Hiring from a pool of unknown candidates is expensive and risky. Hiring from a pool of candidates you know can be efficient and reliable.
“Regression toward the mean.” is the underlying principle.
Obviously politicians don’t qualify as competent or accountable. A manager in a factory, on the other hand, might hire new workers who are friends and relatives of current employees, with great success.