I can't remember where I read it anymore, but there is this idea that I have held onto -
There are two beliefs about making yourself rich, either you believe that all the wealth in the world has already been created, so to become rich you need to take wealth from someone else or you believe that you can create new value and become rich.
When I apply this idea to SIU and the State of Illinois government, I find that SIU and the state act to take wealth out of the private sector and do not create new value themselves. Basically, ever available dollar SIU jumps on (like a linebacker on a fumble) and keeps, where often investing that dollar would bring back 20 dollars later. For example, one of the biggest problems SIU has is the lack of surrounding industries for them to interact with. But SIU is creating this by eliminating money making opportunities and turning those opportunities into petty bureaucracies.
Think of the blossoming of productivity, tax base and entrepreneurship that would happen if SIU started to outsource to local companies, instead of using state bureaucrats.
Why is SIU spending so much of their management attention to supply marginal services, instead of allowing the local business to thrive? We know they aren't doing a good job running their core business. Surely they should be spending 100% of their time trying to figure out how to educate kids and build football stadiums and the like.
If they did away with Dunn-Richman, wouldn't the local bankers do a better job? If they got rid of the motor pool, wouldn't Enterprise rentals do a better job? If they go rid of their ride services, wouldn't the local taxi companies do a better job? If they didn't build apartments, the local landlords would do a better job. If they replace the electricians with local companies running those electricians wouldn't they get better work for less? How about the phone department? The SIU website? The PR department? I'm not saying outsource the professors or other people really doing education, but does anyone think that private industry wouldn't do a better job? Is it possible to manage anything less efficiently then SIU does?
Your comments are welcome.