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this post was submitted on 03 Jun 2024
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It’s not so much “anyone off the street could do a competent job running a national company” as much as “the average CEO is no better at doing a competent job running a national company than a random person off the street, and are often actively worse than random”
It’s the same as Congress. Our current system actively selects for people who are bad at the job, so in comparison to that a random lottery would be an improvement.
I see what you're saying. Although I think it's a mistake to think that CEOs aren't usually good at their jobs; it's more that their jobs are to generate short-term returns for shareholders, not to keep the company healthy long term. A lot of what we see as incompetence or short-sightedness is them doing what they're really paid to do. You can say similar things about Congress.