AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Capitalism ii system requirements4/14/2023 By reining in these metrics and developing new ones more suited to today’s world, we can reformulate capitalism and break the runaway cycle. Capitalism is on a similar runaway trajectory, say Meyer and Kirby, mostly because it has taken the ideas of competition and ROE-brilliant in their time-too far. But after many generations the tail created a problem: It required more nutrients and was heavy, slowing down its owner and making him easier prey-eventually causing the peacock population to decline. That feature grew ever more flamboyant across the centuries thanks to a simple fact: Peahens showed preference for large-tailed mates. The runaway, a concept from evolutionary biology, is explained best by the peacock’s tail. In particular we will need to throttle back the headlong pursuits of competition and ROE, and that process begins with recognizing them for what they are: runaways. But keeping capitalism on track will depend on our ability to rethink the priorities that guide everyone in the system, from entrepreneurs to regulators to investors. Capitalism remains the most powerful, flexible, and robust system for driving broad-based prosperity and enhancing quality of life.
0 Comments
Read More
Leave a Reply. |