
This is a blog dedicated to discussing bureaucracy and how it fails people.
| Platform | Pricing | Freemium | Publishes | Weekly | |
|---|---|---|---|---|---|
| Issues | 444 | Founded | 5 years ago | Last Issue | 6 days ago |
| Active | |||||

There are billions of commercial transactions a day in which two or more parties volunteer to exchange goods or services or money. Both sides expect to benefit from these (otherwise they wouldn’t engage in them).
The underlying rationale i...
It is a truism that the purpose of an organization is to serve its customers. Perhaps it would be more accurate to say that we can divine the purpose of the organization by identifying who its customers actually are.
This is true in a frac...
There are cycles in bureaucracy.
Initially, there was a problem. Something bad happened. So, in their infinite wisdom, the powers-that-be established a single rule to fix the problem so that the bad thing wouldn’t or couldn’t happen again....
In hedge fund management, a portfolio manager oversees the investment of the fund’s assets. Often, there is a separate, dedicated risk manager role.
In a simplistic sense, the portfolio manager allocates capital to projects or investment o...
I have seen snippets of Secretary of War Pete Hegseth’s address
to the flag officers of the US military. Snippets were enough. He has presented this message myriad times elsewhere: the purpose of the military is to signal the overwhelmingl...
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The writers behind this newsletter.
I write about bureaucracy.
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