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19 Oct 26
brainwireioI’ve come to realize that business schools don’t just reflect our economic system — they actively manufacture its priorities and normalize its harms, training the future leaders who will design and defend the structures driving our overlapping global crises. Tinkering at the margins with a class on corporate responsibility or ethics is not going to help. We don’t need to “fix” business schools. We need to abolish them.
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18 Oct 26
Saul ZacksonI have watched students abandon their altruistic intentions, instead becoming consumed by whether to choose careers in consulting or finance and who will land a summer internship at McKinsey or Goldman Sachs.
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But recent research by the Nobel laureate economist Daron Acemoglu and colleagues shows what tends to happen when you put an M.B.A. in charge.
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In both the United States and Denmark, firms that appointed managers with business degrees cut wages and reduced labor’s share of income. Yet these companies didn’t become more productive, nor did they grow sales, investment or employment any faster.
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What registers as managerial acumen turns out to be wealth transfer — value moved away from workers and toward profits, shareholders and executives.
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Business schools are not malfunctioning institutions; they are highly efficient machines doing exactly what they were designed to do. An ethics elective here, a sustainability center there, a “responsible leadership” badge — they all serve to legitimize the machine, not change its output.
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Dismantling the business school as a single high-status silo that professionalizes private gain may seem a heavy lift.
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The goal is not to write off the students as aspiring selfish capitalists; it is to stop funneling them through a machine that narrows their sense of possibility.
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