Yes, you say that now it's mostly turned out to be meaningless bollócks. At the time though, there was a certain pride in the fact that our manager had been to university.
Anyway, it certainly seems to have served Him well. The key economic conundrum is always: What's in it for me. He answered that one well enough.
And there will always be recessions regardless, because, with very few exceptions, people are incredibly stupid when it comes to money. And that includes most of the experts