Upper Mismanagement, Noam Schieber's article in The New Republic, fixes some of the blame for the decline in American manufacturing on executives with backgrounds in finance. The article is chock-full of stuff that will resonate with enterprise architects and others in IT. For instance:
[T]hese executives were frequently numb to the sorts of innovations that enable high-quality production at low cost.
And there's this:
The new managerial class tended to neglect process innovation because it was hard to justify in a quarterly earnings report, where metrics like “return on investment” reigned supreme.
Can too intense a focus on money lead to a similar decline in IT? Is it already happening?