A Command Economy appeals to some executives.
Easier to make people do as they are told, with no messy problems like letting them do what they would like to do with their lives. You know, the Pursuit of Happiness and all that.
Immelt is demonstrating that he has a very limited vision and little intellectual curiosity. Success in business doesn’t mean that someone has the slightest interest in or appreciation of American values outside of the sphere of business.
“Immelt is demonstrating that he has a very limited vision and little intellectual curiosity”
Does that then explain why GE earnings went flat when Immelt became CEO, compared to his predecessor Jack Welch?