> Why do we fear being lied to? Because we don’t like others manipulating our beliefs. But our fear of being misled by false news pales by comparison to our fear of suffering total “mind-control”.
Funny thing is that because we fear being lied to, we pretend otherwise when we ARE being lied to.
> American pharmaceutical giant Pfizer Inc. and its subsidiary Pharmacia & Upjohn Company Inc. (hereinafter together "Pfizer") have agreed to pay $2.3 billion, the largest health care fraud settlement in the history of the Department of Justice, to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products, the Justice Department announced today.
Most people here would not download third party libraries without a thorough audit, even if the application purpose is essentially frivolous. I would not buy anything from a company with this kind of criminal record without a full due diligence of what they selling, including conflicts of interests of the FDA reviewers involved.
Financial products sold by the banks must be treated that way too.
There is also no group other than big pharma that have paid as much criminal fines in the history of commerce. So instead of cultivating a religious faith in whatever they are pushing, be skeptical and do some due diligence.
Your comments are a bit harsh and naive. One cannot look to paid entertainment professionals for moral and ethical guidance. Nor can we hold them to higher standards than mere mortals.
> this is how business often operates on a day to day basis - vague objectives with recognition for effort and process, instead of the actual result.
That's a good point. Perhaps, seen more in larger businesses than smaller ones. As businesses grow, they accumulate support staff. Moreover, planning horizons get longer, so it gets difficult to associate "pnl" and effort concurrently.
A leader shows direction(s) and has followers i.e. those that execute.
To show direction, one needs to know his stuff well. Many qualify for this.
Getting followers that execute is very hard. Mountains have been written about this, with a lot of them being the typical business school stuff ridden with survivorship bias from following the success stories.
Markets are about information processing. The information set is huge and price update has bandwidth limitation. GPT-n like systems perhaps can increase that bandwidth by orders of magnitude. That is in some sense "seeing the future".
Unfortunately, we gave them record, windfall profits with no downside or obligations by forcing drugs on people under threats of ostracisation and loss of employment. Now we don't get to whine about them.
Funny thing is that because we fear being lied to, we pretend otherwise when we ARE being lied to.