Why Traditional Recession Tactics Are Doomed To Fail this Time

Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque

#11

Post by wynand » Wed, Oct 22, 2008, 10:16 AM UTC

alecco wrote: post #2

Word count: must 11 could 2 perhaps/maybe 0 fail 1 Doesn't it sound a bit too know-it-all? I would like to believe it because the idea looks good but the essay lacks evidence and observation. In particular, it seems to expect a very rational response from society as a whole. A very risky bet.

It is an essay after all. I think Umair means to provoke thought more than anything else.

If he is at least a bit right, then businesses will naturally converge to these ideas, without requiring deep rational inquiry (the rationalism will be limited to: "those guys are doing something new and it's working, so let us also do it").

Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque

#12

Post by swombat » Wed, Oct 22, 2008, 12:52 PM UTC

alecco wrote: post #2

Word count: must 11 could 2 perhaps/maybe 0 fail 1 Doesn't it sound a bit too know-it-all? I would like to believe it because the idea looks good but the essay lacks evidence and observation. In particular, it seems to expect a very rational response from society as a whole. A very risky bet.

Exactly my feeling while reading this. There's not even the slightest justification or argument for his declarations. Great claims require great evidence. He may be right, but we have no way of even beginning to examine the correctness of his arguments, since he didn't present any arguments.

Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque

#13

Post by colortone » Wed, Oct 22, 2008, 11:31 PM UTC

rgrieselhuber wrote: post #4

Whenever 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.

Unfortunately, to get real value out of his writing you have to do your own homework.

Put another way: show us some data, models, or research that he's wrong.

Put another way: assume he's right about everything. What are the implications for your business?

etc

HTH

Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque

#14

Post by rgrieselhuber » Thu, Oct 23, 2008, 3:04 PM UTC

colortone wrote: post #13

rgrieselhuber wrote: post #4

Whenever 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.

Unfortunately, to get real value out of his writing you have to do your own homework. Put another way: show us some data, models, or research that he's wrong. Put another way: assume he's right about everything. What are the implications for your business? etc HTH

Kind of sounds like a religious discussion at that point.

Re: Why Traditional Recession Tactics Are Doomed To Fail this Time - Umair Haque

#15

Post by colortone » Thu, Oct 23, 2008, 3:22 PM UTC

rgrieselhuber wrote: post #14

colortone wrote: post #13

Earlier quoted context omitted.

Unfortunately, to get real value out of his writing you have to do your own homework. Put another way: show us some data, models, or research that he's wrong. Put another way: assume he's right about everything. What are the implications for your business? etc HTH

Kind of sounds like a religious discussion at that point.

Self-driven edification is a religious experience for me, yeah.

Read up on game theory, network econ, information econ, financial analysis, and modern art criticism...it's totally spiritual!