What does an engineering student ask?

How can I build it?

What does a pre-med student ask?

How can I cure it?

What does a business student ask?

How can I finance it?

What a liberal arts student ask?

Would you like fries with that hamburger?

There are many variations of this particular joke, but as your mom taught you: Much truth is often spoken in jest.

Today was the last day of the spring term and the end of my first year of Graduate School. During the past 10 weeks, I took Strategic Management and was surrounded by (soon-to-be) MBA types.

What impressed me was their unrepentant, unrestrained and unabashed celebration of capitalism. How can we drive revenues? How can we promote growth? Is gross margin expanding or contracting? Should we be investing in this business or that business? How can we promote sustained profitability…Notice the question was not about the promotion of “sustainable” profitability.

And by the way, they think it is cool to make a profit.

adamsmith

The spirit of the father of modern economics and capitalism – Mr. Wealth of Nations – Adam Smith permeates the dialogue. This is exciting. It is a reflection that entrepreneurs, free markets, capitalism produce the products that we need; provide jobs; and make global societies better.

Golly gee, just call me old-fashioned. And how do you finance that?

And then for my other classes I walked about 100 yards or a long LaMichael James touchdown run into another world, the world of redistribution and social justice. Adam Smith would not be welcome here, but a lecture by Che Guevara would be packed to the rafters.

In this organic, sustainable, free-trade, shade-grown environment I found out that Communism didn’t work in Russia, East Germany, Czechoslovakia, Rumania, Bulgaria, Albania, Yugoslavia, Poland, Lithuania, Latvia, Estonia, Mongolia, Vietnam, Cambodia, Laos, China, North Korea and even Guevara’s Cuba because they were/are dictatorial governments. Otherwise, the system is just swell.

For some reason, virtually every class needs to ponder the works and deeds of Karl Marx. I miss him; oh I miss him so…

che

I learned from my classmates that Internet access is a basic human right, and should be provided free of charge to the proletariat regardless of the R&D and all other up-front costs incurred by those who had the courage and foresight to build the system. Semiconductors, software, connectivity devices, fiber optic lines…who cares? Intellectual property? Smitellectual Schroperty!

KFC? Boo hiss. Microsoft? Grrrr. Monsanto? Ugh. Wal-Mart? Arrgh. Starbucks? Smash their windows…And the list goes on and on and on. Have you ever met a happy activist?

It took about two quarters, but I was eventually labeled by a few as the class Republican. In fact, over adult beverages I was asked in the context of my party registration and annoying voting patterns, if I was an angry person…What? The answer is no and besides unlike so many of my colleagues, my biggest moment in life did not involve being arrested or fondly dreaming of some form of civil disobedience.

To some companies are just evil. I worked for 10 years for custom semiconductor innovator LSI Logic. It was founded by a guy who came to America with zero money. He had a dream. He grew this dream into a company with $1.8 billion in revenues, employing more than 4,000 highly skilled people and providing the key microchip for the first two generations of the Sony PlayStation. Is that evil? Should he give his hard-earned millions to someone who has never built a billion-dollar-plus business from the ground up? Is that fairness? Is that justice?

So…if the majority of jobs come from the private sector which group of people is going to be more in demand by employers? Those who know how to read a financial statement from the top line to the bottom line or those who wouldn’t know fiduciary responsibility if it bit them on the backside?

Today, we learned that the number of jobs barely grew in May and that unemployment jumped back to 9.1 percent nationally. I really hope there is a job market out there for those demanding redistributive social justice. Maybe it will be the expanding nanny state or maybe it will be a place that offers both onion rings as well as pommes frites.

http://en.wikipedia.org/wiki/Adam_Smith

http://en.wikipedia.org/wiki/Che_Guevara

http://en.wikipedia.org/wiki/Karl_Marx

http://www.cnbc.com/id/43265008/

http://www.cnbc.com/id/43267992

http://en.wikipedia.org/wiki/LSI_Corporation

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