1. such economics knowledge as they do have, is entirely focussed on Micro, whereas a nations finances are also a Macro subject. Extrapolation of concept from Micro to Macro simply doesn't work, because it ignores the economic effects of the capacity of both the RB and the retail banks to create and destroy money.
2. A large part of the CEO's skillset is to know how to sail close to the limits of the law without crossing over into illegality. Naturally a CEO turned PM will use their new-found power to remove those limits regardless of the consequences. They just transfer their adversarial mindset from advantage over competitors to advantage over the population-at-large.
3. CEO's work to the briefing of 'the board' of their company. In politics, Parliament is 'the board', but the CEO looks down on Parliament as, at best, subservient executives. The 'board' from which the CEO PM will take his briefing will be a 'think-tank' such as NZI, which the CEO will respect as a committee of his 'peers'.
CEO's make rubbish prime ministers because:
1. such economics knowledge as they do have, is entirely focussed on Micro, whereas a nations finances are also a Macro subject. Extrapolation of concept from Micro to Macro simply doesn't work, because it ignores the economic effects of the capacity of both the RB and the retail banks to create and destroy money.
2. A large part of the CEO's skillset is to know how to sail close to the limits of the law without crossing over into illegality. Naturally a CEO turned PM will use their new-found power to remove those limits regardless of the consequences. They just transfer their adversarial mindset from advantage over competitors to advantage over the population-at-large.
3. CEO's work to the briefing of 'the board' of their company. In politics, Parliament is 'the board', but the CEO looks down on Parliament as, at best, subservient executives. The 'board' from which the CEO PM will take his briefing will be a 'think-tank' such as NZI, which the CEO will respect as a committee of his 'peers'.
Good