Comment by xyzelement
12 hours ago
Engineer with an MBA here.
I don't think anyone finds this flavor of activity beneficial. What's beneficial is the underlying system that is sufficiently free and flexible that great things (like VMware to begin with) are possible. As much as we don't like "this" we don't want to put any bureaucrats in power to squash creativity and enterprise.
Much like freedom of speech means someone can speak abhorrently, freedom of enterprise means someone can do bad or dumb business things. But we enjoy the thing in totality.
> I don't think anyone finds this flavor of activity beneficial. What's beneficial is the underlying system that is sufficiently free and flexible that great things (like VMware to begin with) are possible. As much as we don't like "this" we don't want to put any bureaucrats in power to squash creativity and enterprise.
Ultimately, the purpose of a system is what it does.
We've structured our society such that performing this type of activity is extremely lucrative, and financial engineering is by all appearances the endeavor that humans value above all others.
> Much like freedom of speech means someone can speak abhorrently, freedom of enterprise means someone can do bad or dumb business things.
No?
> As much as we don't like "this" we don't want to put any bureaucrats in power to squash creativity and enterprise.
That was literally Broadcom’s reason for existing before Avago even acquired them. It’s the other half of the Qualcomm/Broadcom telecom duopoly.