Monday, February 26, 2024

Real world

In the real world is a phrase often used to distinguish between academia and business. It is like physics class where you conduct experiments using friction less planes. It makes the experiment run more smoothly and efficiently but it doesn't work when you build it outside of the lab. Another example of the real world dilemma is the difference between someone who works for the government verses someone who works for business. Bureaucrats have never had to make a payroll so they often see only one side of a situation. They never spend less than their budget because if they do next year their budget will be cut. They have no incentive to reduce staff and cut cost. Their idea of success is to increase the size of their group along with an increase in money and power. While a bureaucrat looks to increase power the businessman looks to increase money. Most businessmen are willing to postpone their accumulation of money to a later date preferring to reinvest for a long term goal of money. Many small businessmen never really get around to enjoying their money because the thrill of building up the company is more satisfying that just spending money. Even very wealthy businessmen will buy lots of toys but the still spend most of their time and effort making more money. The great thing about this is that they are creating jobs something the bureaucrat don't think much about. People like Elon Musk don't spend their time floating around on their yachts. They are working hard to create and build.

No comments:

Post a Comment