> We've now had at least two generations of spreadsheet-wielding MBA's optimizing corporate costs to reduce what is spent on materials and labor. Evidence of their success is showing up across the economy, and politics, and society at large.

Or on other hand we are enjoying more from life with less resources. Not only it helps more companies to be more profitable thus keeping more people employed, it also does a great service to the planet and the future as we continue to reduce our footprint.

I agree with your point about the loan paybacks which of course is off topic.