Meta Regulation World


I’m an engineer by training. I’m a very systems, process, methodical decision maker. He’s an entrepreneur. Different mind-set.

Management runs publicly-traded companies like ExxonMobil. Owners run private firms. The former are bureaucracies, the latter, fiefs. The former are a progressive invention, the latter much older. There is managerial capitalism, and then there is finance capitalism. There are corporations, and then there are businesses. Their leaders may look similar; they will all be, after all, rich. But they belong to different worlds.  Ross, Mnuchin, and Trump belong to one world. Tillerson to another. The distinction is so lamentably obscure to the national consciousness that even the members of these groups sometimes fail to understand that they are different.