Back to episode — Episode 2048 Scott Adams - Banks, Cartels, CIA Manipulation, Narrative Poisoning, The Success Reframe
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r. And everything that I care about, my life would be destroyed. I'm gonna do it because the depositors are protected. Maybe that's the actual thinking. I actually saw like an actual adult say that the executives would be disincentivized by what happens with the depositors, as if they would not be disincentivized by losing all of their own money. You don't think that's enough? You don't think tha…
← Previous segment →nd imagine that those executives would have acted differently if the $250,000 had been a bigger number — come on, that's crazy. Am I wrong? Does anybody disagree? I don't believe there's anybody disagreeing. I don't see any disagreement in the comments that I usually do. Right? That's how poorly managed we are, or that's how capable our leaders are. There were real leaders arguing that point and still are. Still are. That's still a point that's being made by supposedly serious adults. How can they possibly believe that? Crazy.
All right. The other thing we learned about Silicon Valley Bank is that the speed of mass hysterias in general — you know, I'll call it a bank run, a mass hysteria because you're causing the problem by thinking it's a problem. It's a little different than a mass hysteria, but you can see the parallels. So now anything that could have been a mass hysteria before, it becomes one almost instantly because of the speed of communication. So that's a problem, right?
I'm gonna talk about some other perceptual problems, and then it'll be a theme by the time I'm done. So put a pin in that.
Zuckerberg at Facebook, he's cutting 11,000. I guess 11,000 people got cut in November. Another 10,000 being cut. Do you say to yourself, uh oh, how could Facebook possibly continue as a company if they get rid of one out of four employees, which is what it will be when they do this latest round? They will have lost one out of four employees.
Do you know what the experts say? You're not going to notice the difference because the tech companies that were wildly profitable, they end up doing a lot of, let's say, optional stuff. A lot of optional stuff. You know, a lot of people working on the next big thing that doesn't work out, and somebody else is also working on the
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next big thing. So it's a whole bunch of people who are working on stuff that's not the core business because they can make an argument for it and because the budget allowed it. So here's my parallel to that. My first Dilbert experience, kind of when I left the bank and went to the phone company, local phone company. It wasn't long after the divestiture from when all the phone companies were owne…
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