Under the article The Financial Times Slams 'The World's Dumbest Idea,' written in Forbes by Steve Denning, I added the following comment, which concentrates on how to reduce growing inequality:
Dear Steve Denning,This is to be read as an update to my comment under your article: What Thomas Piketty Got Wrong.In that comment I wrote, for example, that:I guess the most important issue with his book refers to the future, as you have been pointing out both in the article and in the comments. This starts with the same error of Ricardo's extrapolation, under the assumption that the future is a continuation of the past. That assumption is integral to the restriction of his macroeconomics tools. But today, it is possible to learn from the emergent future. In addition, such learning is leading increasing returns based on positive feedback.While positive feedback is behind virtuous circle growth, it is also behind vicious circles induced by good (mediocre) management, as Jim Collins (and his research team) empiric evidence suggest in the book Good to Great. See chapter 8, "The flywheel and the doom loop." Only 11 out of 1,435 companies selected from the Fortune 500, from 1965 to 1995, made the leap from good to great. On the back of the book there is a quote by Peter Drucker that says: "This carefully researched and well written book disproves most of the current management hype – from the cult of the superhuman CEO to the cult of IT to the acquisitions and merger mania. It will not enable mediocrity to become competence. But it should enable competence to become excellence."I ended my comment under your article with the quote that “Adequate electricity system restructuring is a key subsystem component of the adequate global society system restructuring needed to enter the Golden Age of the first technological revolution of what this author conjecture is a systemic civilization. From a heuristic system architecting perspective that Golden Age will be the result of the design of the value creation generated by the highly complex socio economic system that none of the subsystems by themselves is able to provide. Such value is the result of the relationships among global society subsystems.”Since them, I have continued to try to push the envelope to learn about the emerging future. While having doubts if I could become the Martin Luther you mentioned in a previous post, I have been continuously blogging and twitting (in Spanish) recently, in an effort to grab the big opportunity to help the Euro Zone get out of their above mentioned doom loop and into the flywheel in order to make a leap from Good to Great.I recently realized that in that effort I am being strongly influenced by the first story of the Commencement Address delivered by Steve Jobs, when he was CEO of Apple Computer and of Pixar Animation Studios, on June 12, 2005. This is how he summarized that story: “… you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.”In fact, to try to help the Euro Zone, I have come to the point to write the post ¿Podrá la EcoSiNuestra llevarnos a la sabiduría y la felicidad?, something like “Will the EcoIsOurs (not a literal translation) lead us to wisdom and happiness?” EcoIsOurs is in opposition to EcoNoMy (which in turns leads to what’s in it for me). From that post point, you can follow the links back to notes and articles.The above is based on the belief of having found the answer to the question posed by Peter Drucker at the beginning of this century: "What does 'capitalism' mean when Knowledge governs – rather than Money?" I guess that connecting those points by themselves prove the conjecture of the systemic civilization that is replacing the industrial civilization, just as the latter replaced the agricultural civilization.