Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
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Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
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Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#2Word count:
must 11
could 2
perhaps/maybe 0
fail 1
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#3Umair is always thought provoking, and usually just a bit too far out there for me:
"Tomorrow's sources of advantage aren't like yesterday's. They're not built on being able to exploit, dominate, or coerce more strongly than others -- they don't result from being harder, better, faster, stronger. They're about exactly the opposite: being softer, better able to fail, having the ability to be slower, gaining the capacity for tolerance and difference."
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#4Whenever I read Umair's work I find myself agreeing with many of his ideals (sustainable, local business, etc.). But the way he presents them as the necessary solution for today's business woes feels a little force-fed.
Let's see some data, some real research.
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#5come on, don't take it for "all or nothing/black and white thinking". Grab the overall view of it - that we have to think different to weather this storm and have confidence that we can.
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#6Umair takes time to understand, but it's worth it: he's not giving answers but asking questions. It's up to all of us to figure out the answers for our own situations with a broader, questioning mind.
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#7His bottom line is that to succeed through bubbles like these you have to create real value for people. A lot of companies and investments are too much like get-rich schemes. A long term focus yields a product that truly helps society, and the company will grow along with the society it is helping.
I also think that the point is well taken that it can not be on the backs of other countries. The more people in the world with disposable income, the more people there are to sell to. When so much of the world is in near poverty and has 0 disposable income, the entire consumer focus of so many of our companies seems a bit silly.
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#8Whenever I read Umair's work I find myself agreeing with many of his ideals (sustainable, local business, etc.). But the way he presents them as the necessary solution for today's business woes feels a little force-fed. Let's see some data, some real research.
Big picture: the old world and social model is falling apart rapidly. There's no hope of repairing it, and most open-minded people really don't want to, when the opportunities for creative destruction and reinvention are so abundant.
What shall replace the old world is unclear. I don't know "the right answer". No one does. Those of us who will step to the plate are going to improvise an answer (or more appropriately, answers) to the many emerging problems and get some right, some wrong.
When I read a piece like this, I have to take it as exactly what it is. A proposed solution, or set of solutions. He's offering ideas, and they're worth consideration and debate, but it's not worth debating whether they're "right" in a platonic ("communism works on paper") rather than pragmatic sense, because the present and future are unprecedented.
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#9Whenever I read Umair's work I find myself agreeing with many of his ideals (sustainable, local business, etc.). But the way he presents them as the necessary solution for today's business woes feels a little force-fed. Let's see some data, some real research.
Big picture: the old world and social model is falling apart rapidly. There's no hope of repairing it, and most open-minded people really don't want to, when the opportunities for creative destruction and reinvention are so abundant. What shall replace the old world is unclear. I don't know "the right answer". No one does. Those of us who will step to the plate are going to improvise an answer (or more appropriately,…
I can see that - I guess it's his approach. I'm wary of anyone claiming to know the right answer based on little actual experience, especially when those claims are backed up by nothing more than statements like "we must do this or that,etc." If it was just some dude's blog post, it would be one thing but it's a post on Harvard's website so I'd hope for a little more rigor.
*Edit: I recommend a book called Deep Economy that does a much better job of explaining why these were good ideas worth investigating.
Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque
#10His bottom line is that to succeed through bubbles like these you have to create real value for people. A lot of companies and investments are too much like get-rich schemes. A long term focus yields a product that truly helps society, and the company will grow along with the society it is helping. I also think that the point is well taken that it can not be on the backs of other countries. The more people in the wor…
"A long term focus yields a product that truly helps society, and the company will grow along with the society it is helping."
There is a cooperation problem here, how do you prevent other companies from free-riding and reaping the value your company injects into society without adding any of its own?
Cooperation between human actors works because of an instinct for fairness. If we want the cooperation at a more macro scale, we're going to need a cultural sense of fairness to go along with it. I suppose we're seeing this now when walmart plays ads about how earth friendly it is, but we're certainly only a small fraction of the way there.