Tag: Stakeholder Capitalism

Diversity, Equity, and Inclusion Has Been A Devastatingly Stupid Hiring Practice: Why Doors Fall Off Airplanes

I like Boeing as a company; I know many people who work there and consider it one of the significant assets of American manufacturing. But as I have been saying for a long time, the enemies of America are not fighting us in the way we would expect, with tanks and troops. Instead, Diversity, Equity, and Inclusion standards (DEI) have been introduced into our corporate culture to essentially destroy American capitalism from the perspective of the global Marxists, and we are now seeing the results. Feminism and other Civil Rights concerns for the political left were never about fairness; it was always intended to project quality, that one person was no better than another to erode any system of merit that might exist in a culture. By making value about everything but what was important, they could destroy the concept of value produced through economic means. And that’s what we are now seeing in big corporations like Boeing who thought they were playing the game of the future, hiring people based on all the wrong criteria, sex, skin color, and sexual preference, and they lowered their standards to allow those people to be in high ranking positions, then everyone was confused when a door flew off one of there best aircraft, the Boeing 737 MAX 9.

Luckily nobody was sitting by that emergency door when it fell off while in flight, and the altitude wasn’t at its peak where the pressure outside was much lower and would have sucked out everyone in the plane. But it was a terrifying thing to witness from people riding what they expected to be an uneventful flight on Alaskan Airlines. This isn’t the first time Boeing has had significant problems with this plane. But if there was one root cause to the mess Boeing has been going through over the last decade, it traces back to the problems of globalism and trying to meet the ridiculous social standards of the World Economic Forum. Diversity hirings have been devastating to all companies that have been suckered into them, especially in aviation, where the hires used to come out of the military and pilots had thousands of hours of training while serving. But these days, many of those upper-level executive positions are being filled with DEI candidates who are put in place for all the wrong leadership qualities. Even as I write this, I have just received a notification that a book I have ordered is being delayed due to severe weather. About an inch of snow is on the ground, so the delivery trucks have been called in to ride out the weather. That amount of snow is hardly significant, but when you start hiring all the wrong people for important leadership jobs, that’s what you get. Too much safety, which disguises laziness for concern or horrendous quality in product manufacture, which is certainly the case with Boeing. It’s not just that particular airline company. Just ask Disney about their problems these days with the same kind of hiring practices. Promoting people without merit gets terrible results, and the consumer directly witnesses the evidence. And to people’s eyes, there is nothing worse than a door flying off an airline while in transit. In many cases, this is worse than the several crashes the same jet has had with all passengers on board because the psychological reminder of such a lack of safety is more disturbing. The enemies of America, of course, are laughing at us for following their truly dumb ideas. And this is the cost of dealing with globalists who are Marxists ideologically, advocates of socialism and communism. And the labor unions in America have joined lockstep in that movement for all the same progressive reasons. And the results have been a disaster.

The future of manufacturing and all other business endeavors will be merit-based, as they traditionally have been.  All people are not equal, which is the real message behind Diversity, Equity, and Inclusion standards.  The measure of work is not universally consistent when it comes to people of all different backgrounds.  Statistically speaking, much better people are produced in capitalist cultures as opposed to oppressed communist ones.  Because the people in those cultures have access to more things from which they can gain experience.  However, I do find that people from impoverished cultures make much harder workers who enter the workforce with a much better work ethic.  Many of the youth in America have had their work ethics trashed by public education, more progressive intrusion attempting to teach this DEI value to them and expecting the results to flourish rather than become the disaster that reality has displayed.  The message always was sameness, and if all people can do all things equally well, we should hire diverse people from all different backgrounds to perform essential leadership roles.  And that bit of stupidity has been devastating to the marketplace.  Great for people who want to destroy the idea of merit-based American capitalism.  But it isn’t enjoyable for people who expect a package to be delivered when there is an inch of snow on the ground.  The world is much worse because of Diversity, Equity, and Inclusion than it ever was in the dog-eat-dog world of Capitalism.  The world works best when there is competition, which then drives value.  Without that quest for value, the world falls apart, as we see it doing now. 

What typically keeps accidents like the one from Boeing happening is the worry that a bad job might get someone fired.  But with DEI measures, employees act like the employer is lucky to have them on the job, no matter how much they screw up.  When we show a dissatisfied eye toward the government, we are thinking about how we have seen many of these problems for decades, poor performance in the consumer experience. After all, they have been hiring all the wrong people and expecting nothing from them for years.  And the results disgust us as productive people.  But we have seen under the mask of globalism this urgent desire to remove merit from work so that jobs are easy and irreplaceable, preventing terminations for lack of performance.  While the new standard of skin color and sex is the updated value system, it can’t be taken away from even the most lazy worker.  And in so doing, you give the political left precisely what they always wanted: a guaranteed job no matter how bad they were at it.  So, nobody should be surprised when doors fall off an aircraft while in flight.  And if a few people get sucked out of the plane and die, that is to be considered simply the cost of DEI. As a result, the vital thing to Boeing is that they made the World Economic Forum happy and their money managers at BlackRock because they hired a gay black woman who weighs in at 300 pounds and is an atheist.  They put someone like that in charge of installing aircraft doors and performing final inspections to get a good DEI score.  What could go wrong, as opposed to the person who has worked at installing doors on aircraft for 20 years, came from a military background, and was the best at their job and making more money than their co-workers because of the value of the work performed over a long period?  Companies seeking a good DEI score will have a lot of trouble in the future.  And the sooner corporate America stops listening to the World Economic Forum, the better for them.  The best method of producing products that the world wants, in the way that they want them, is a value of good ol’ capitalism that is merit-based because anything less won’t do. 

Rich Hoffman

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Ron Howard and Klaus Schwab Attack Boeing: A new Netflix documentary exploits people to attempt to kill American capitalism

With all the talk against Boeing, the great American airline manufacturer that the liberal Ron Howard directed hit piece tried to utilize from the high moral ground, the effort has one central message. The world needs to convert its values from shareholder capitalism to stakeholder capitalism the way the Desecrators of Davos view it. The new Netflix documentary that is now streaming that tells a story of Boeing’s 737 MAX safety concerns is all about painting Boeing as a company that fell from grace due to its greed in trying to stay competitive with the Airbus A320 and that its focus on short term profits was what killed hundreds of people in two crashes that occurred in the new plane, one in Indonesia, and another in Ethiopia. The Hollywood hit piece comes at the problem from a political point of view. It attempts to exploit the deaths of innocent people in a way that sells the Klaus Schwab view of the world from the Desecrators of Davos and not the get it done mentality of American manufacturing. It’s really a disgusting movie made by people attempting to apply Covid safety rules to the stock value of Boeing and shove them into the woke world of progressive logic as only radical leftists understand them. A lot is going on in what went on with the Boeing 737 MAX and the world of safety surrounding it. But remember what I say all the time, the rules of the world are made by the losers, meaning, those who can’t compete with the good in the world make rules for themselves to penalize the best and make them more equal to the lazy, the timid, and the socially awkward. 

Boeing and Airbus have a problem when it comes to making plans for a newly created for a smaler world where air travel to even far-flung places in the world is suddenly possible, in a relatively short period. This has pushed all these plane manufacturers to massively automate these fancy new planes in ways that wouldn’t even be conceivable a few years ago. Traditionally, a company like Boeing almost exclusively had pilots flying their planes from military backgrounds. Their pilots had been flying planes for decades in the military dime, so when there were continuous improvement opportunities, pilot feedback with the engineering staff allowed for adjustments as a plane matured in a program. But these days, with all these new planes entering the market, the pilots from places like Indonesia and Ethiopia are coming from backgrounds where flying planes weren’t a reality. So the training of new pilots has to be significantly simplified, and every possible contingency needs to be worked out that takes away the possibility of pilot error. That is how the anti-stall system was put on these new MAX jets from Boeing so that new pilots without the benefit of years of training could fly these planes much easier. In the case of Boeing, their anti-stall system malfunctioned, which contributed to the crashes in Indonesia and Ethiopia. When sensors on the plane detected a stall condition during flight, the system took over the pitch from the pilots and pushed the nose down. The pilots, unsure how to deal with that condition, fought the flight controls, but the planes nose-dived from the air into a crash because of all the robust automation they didn’t know how to override. It’s kind of ridiculous that their expert for this film to establish moral character as if he spoke for all pilots is a guy who crashed his plane in New York.

The real problem was automating the flight systems due to pilot training limits. In the great race between Airbus and Boeing between these new fuel-efficient planes, Airbus has had better luck at adopting their aircraft to the needs of automation. Boeing, used to a significant relationship between pilots and engineers built on American military experience, had engineered some single-point failures that have proven to be costly. It certainly wasn’t on purpose. But the point of the Ron Howard documentary wasn’t to see the situation as an accident in a rapidly changing marketplace, but an intentional killing of innocent people because Boeing was too interested in profits. And that if only we had a society that didn’t worry about shareholder value as much as they do, those people would still be alive. The movie written in the way that all communists think assumes that if there were more employees in the labor union at Boeing, that if there were more quality inspectors, and if Boeing had been willing to ground the MAX jet instead of competing with Airbus for market share, that all those lives would still be with us. The assumption was that Boeing killed those people in their airplanes because they were greedy and only cared about their company’s stock value. The other assumption which wasn’t said but was heavily implied was that in a world of stakeholder capitalism, which is essentially state-controlled communism where a strong central authority runs everything, lives would be saved, and everyone would live happily ever after. 

Even more than that, this movie, Downfall: The Case Against Boeing, is an attack on great American industry and a swipe at the traditionally get it done mentality of enterprise. As liberals who do everything in life behind the safety blanket of armchair quarterbacking, they never plan to take responsibility for anything, as all liberals are prone to do. They are the first to preach about the morality of something, but when their side is guilty of sex trafficking, or drug abuse, they point to institutional failure and not themselves. In the case of Boeing, they want to bring down the concept of the CEO with large salaries and to replace them with state central control, to federalize big companies like Boeing so that safety can be imposed, and the temptations to play with people’s lives will be averted. They don’t tell you that their solution to the problem is not to build the planes. They plan to let the market rot and to use safety to hide the incompetence of all involved. To use rules and regulations to protect the inefficient from any expectation that might come from competition. To bend the world to the limits of the slow, the not very smart, and the timid. Boeing was a company built on risk, on American innovation, and when you didn’t get it right the first time, horse sense allowed you to survive to the next day, and everyone worked together to make things better. But when dealing with a global enterprise, which is what aviation is these days, we deal with people from all kinds of backgrounds. And the challenge is to simplify everything for them by making everything more complicated at the end of the system. And when you don’t figure everything out the first time, bad things can happen. Yet instead of understanding that, Ron Howard and the gang are more interested in introducing the Klaus Schwab view of the world, removing shareholder capitalism from consideration and replacing it with stakeholder capitalism. Because when the state controls Boeing, as liberals plan to impose on them, there won’t be any expectation of profits from a Boeing stock. Instead, the value will be that people are working, subsidized by the state, of course, and that safety will be first, even if that means not building and delivering the planes to the market. To the socialists and communists of the world, the market can wait. After all, safety is the most important thing, even if that means that the rest of the world has to slow down to those limits and that they will learn to like it. Whenever a lefty suggests that Americans do things too fast and too recklessly, that is what they are really after. In the case of American business, it should make us all sick to our core because it’s not just an assault on a great American company, but an assault on us all and the greatest country on earth and their core beliefs. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Cash Out Your 401K Plans While You Still Can: The scam of Stakeholder Capitalism

I think it’s the biggest scam in the history of the world, even a bigger scam than Covid was, which was a virus made in a Wuhan lab and released by China. Stakeholder Capitalism has been buzzing around for a few years now, and it’s a creation from the Desecrators of Davos, the World Economic Forum guys. We haven’t cared much about it because it was always kind of a foreign thing from “over there” in dirty old aristocratic Europe. But after the election take-over of 2020, where many conspired to get President Trump out of office, the imposition of Stakeholder Capitalism is very much a part of the Biden agenda. It’s a progressive trick meant to do a lot of things. Not only is it just a new way to change the name of Marxism in our culture to something that people might be more willing to accept because it has the looted word “capitalism” in it, but it has a much more sinister intention. One that will impact each and every one of us with a 401K plan. I’ve been watching this bubble building for a long time, and what I’m about to say will be painful. But at the very least, I would recommend you pull your money out of all 401K plans currently managed by Vanguard, BlackRock, Blackstone, or State Street, because they are all arms of the Desecrators of Davos Klaus Schwab gang. After their meeting this year, they are planning to go full-court press with this Stakeholder Capitalism concept and to replace the way we measure money around the world with this scam they have come up with to hide their vast crimes against humanity.  

If you are a CEO, one of the scariest parts of your job is to stand before shareholders and explain what you have done to increase a company’s profits and raise its stock portfolio. Of course, socialists and communists around the world hate this method; they hate the idea of measurements of value. That’s why they are trying to prepare us to have a no-value culture where we don’t judge anything. They see applying value as bad because their desire in life is to be lowlife slugs hiding always in the shadows. And they don’t want to be judged as lowlifes, but as equal to everyone else. So they have consistently attacked the basic premise of Adam Smith capitalism, which built the United States’ great economy. From the time they came to America from Europe, they have been trying to get us to accept their European socialism from Marx as a new way of measuring economic activity. This Stakeholder Capitalism idea is just the latest means of doing that. It proposes that we replace measuring value with what it is now as a monetary measure to replace it with social value. An ESG system, where value is placed on environmental concerns, social responsibility as defined by political progressives, and how an organization and individuals govern everything based on those ideas. This is how so many CEOs have become trapped into accepting woke thoughts into their companies. Many companies are in a kind of shareholder bubble where their stock price is inflated based on growth, which has become stagnant. This is especially true after Covid, where the social order of everything has been disrupted. CEOs have been quick to adopt woke politics even if they disagree with them politically because ESG scores get them off the hook if society starts changing what they consider value to be. If they no longer have to worry about profits and instead can worry about putting purple-haired losers on their board of directors, then maybe they can survive as a CEO. 

But it’s actually worse than all that, and Klaus Schwab, Larry Fink, and many others know what they have done. Just ask Jerome Powell at the Fed about the pinch he’s in, where there is over $8.5 trillion on the Fed’s balance sheet, made that way by quantitative easing. A Federal Reserve that Janet Yellen and Ben Bernanke essentially applied Keynesian economics to since the crash of 2008 and allowed Fink and others to buy up fake assets created by the Fed policy of printing endless amounts of money, then selling those assets to all of us, so they could use that power to buy up stock in most major companies, to impose ESG scores on them to make this whole stakeholder capitalism idea stick before its too late. And by too late, that’s where that +30,000 the stock market is currently at busts because it’s all based on inflated value directly from the Federal Reserve and exploited by the Desecrators of Davos, for which Larry Fink sits on the Board of Trustees, since 2019. The game is to change the way we measure value in the world before people find out about it so that when that bubble does burst, shareholders won’t be upset because they’ll be stakeholders by that time. Their value will be changed to this new way of looking at the world. 

This is precisely why I wrote my book, The Gunfighter’s Guide to Business. I saw this trend negatively through the Lean Manufacturing movement, where everything was about nature as the East considers it. “Be like nature, and you’ll have more efficient manufacturing plants.” I have had major CEOs ask me about this stuff as they are perplexed about what to do about it. “Are we trying to make money, or are we supposed to be at one with nature. Nature doesn’t care about money.” That’s why I wrote my book, to help people like that understand what’s going on and how these Desecrators of Davos types are just the latest snake oil salesmen. They have looted our cash, spent it into oblivion with Keynesian economic theories, now they have these liberal Modern Monetary Theory ideas of endless money supply that has no value in itself attached to some gold standard. Because society’s values won’t be possessive, they’ll be social, how accepting we are of gay rights or cultural diversity. Or how many solar panels we have on the roof of our factories. And they need us to accept this snake oil before we figure out that we’ve been ripped off, that our 401K plans are actually worthless. The entire reason the stock market jumped in value so much over the last five years or so was not because of Trump. I want to say it was, but obviously, more is going on. It was all inflated money allowing money managers to buy up so much corporate stock, to get control of fossil fuel companies, entertainment companies, everything. And to get that control, the goal was to change how all companies measure value. To replace classic capitalism and to replace it with this Marxist idea of stakeholder capitalism.  In the end, it will fail, but everyone needs to understand what the problem is. The Desecrators of Davos want a one-world currency that they control. They want a one-world government which they will manage. They want to control all human behavior with ESG scores, and they have been planning it for decades. However, as I say in my book, the value of something is determined by the people playing the games of life. I like to use poker metaphors.   A poker chip is just a piece of plastic if you carry it around in your pocket. But while playing the poker game, it represents actual money and decides who wins and loses the game. Ultimately, that will always be the case; this stakeholder capitalism concept is from lazy Marxist types who don’t want to compete in the world and wish things were different for them. So they would rather destroy the game rather than play it. But fortunately for all of us,

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business