The behavior described in the post sounds like the kind of intellectual and moral laziness that you'd have to expect when The Market is assumed to yield Truth, like some kind of modern Oracle of Delphi. And those who practice it risk serious rotator-cuff injury from constantly trying to pat themselves on the back for being so incredibly cynical... um, 'scuse me, efficient.

Management, done right, requires the ability to make judgments, including character judgments. Collapsing all possible human motivations into the single dimension of fear/greed may swell the bottom line of whoever can do it the most cynically, until at some point it doesn't, because over time (if not immediately), it will produce an atmosphere that is poisonous to innovation.