Saturday, 12 June 2010

Quote of the day

John Goodman writes,
In general, a bureaucratic system is one in which normal market forces have been systematically suppressed. In such an environment, there tends to be a sea of (relative) mediocrity, sometimes punctuated by little islands of excellence. Further, the islands of excellence tend to be randomly distributed. They do not correlate with much of anything.
In other words without market forces you can not weed out under performance or reward those who preform well. Excellence therefore trends to be random.

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