Capitalism is so much held in reverence that for some it is like a religion. In fact people proudly proclaim I’m a capitalist! Seemingly it provides the guiding principle for behavior and thus the basis for how to structure life. In effect (putting their faith in capitalism) people have allowed the pursuit of (personal) wealth to define the measure and means of how one should live his/her life. Their faith in the capitalistic dictum of maximizing material self-interest has become so powerful that they believe it to be the answer to all societal problems. Continue reading
Is the system broken? No, not at all! It is fixed just as desired.
Our economic system has no (explicit) concern for ‘we’ in its design, it is all about ‘me’ getting what I can for ‘myself’—it is best labeled an egoistic economic system. The pursuit of material self-interest is the guiding principle for all action. Continue reading
Those in authority can provide leadership experience to people in their organization by striving to provide them the opportunity to realize joy in work. Accordingly, in a New York Times interview, Ori Hadomi (CEO of Mazor Robitics) asserts, “It’s important that people are happy in what they do. I believe my role is not to make people work but to give them the right working conditions so that they will enjoy what they do.” Although few would argue against a people-centered management approach yet far too many don’t put it into practice. Continue reading
I assume most are familiar with the parable of the boiled frog. Briefly, just to refresh your memory, a frog placed in a cool and comfortable body of water that is continually rising in temperature will not sense the incremental temperature change from the immediate past to present moment and remain in the water until death. However, the same frog, placed in a body of water that is too hot for survival will immediately leap out. Continue reading