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Strange article because in many way self-contradictory.

I mean, the word "Lean" in business context has to bring Toyota to mind immediately.
Yet they seem to count Toyota as the opposite of Lean?!?

Similarly, the last 30 years could be seen as the triumph of Japanese methods (reducing variability, Just In Time, no inventory, hunting down waste...). Yet the article concludes that we shouldn't be too impressed with Japan and rather consider the last 30 years outside Japan.
My impression is that they confused "Lean" with "in debt". "Hunting down waste" with "outsourcing everything.

I think that leanness truly helps resiliency. But that is lean à la Toyota (where the term originated). Not à la Enron.

"Few can believe that suffering, especially by others, is in vain. - Galbraith"

by Cyrille (cyrillev domain yahoo.fr) on Sun Nov 23rd, 2008 at 03:53:13 PM EST
It is the difference that comes with having either engineers or lawyers in the top management echelons.


You can't be me, I'm taken
by Sven Triloqvist on Sun Nov 23rd, 2008 at 04:17:14 PM EST
[ Parent ]
understanding the laws of  thermodynamics and understanding the "laws" of economics

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Nov 23rd, 2008 at 04:28:32 PM EST
[ Parent ]
of compound interest on a money supply consisting of interest-bearing credit....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Sun Nov 23rd, 2008 at 06:01:22 PM EST
[ Parent ]
between consumption and investment.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Nov 23rd, 2008 at 06:06:34 PM EST
[ Parent ]
between squandering 80% of a client's capital on "investments" that can never provide a return so that you can pocket the other 20%.  One example being million dollar shipping containers rotting in the desert or jungle so that "ministers" could get their "origination fee" or what ever they call it.  Formely a developing world phenomena now come to the first world banking sector.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 23rd, 2008 at 07:24:20 PM EST
[ Parent ]

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