recentpopularlog in

robertogreco : umairhaque   26

The Servitude Bubble — Bad Words — Medium
"I’m going to call it a Servitude Bubble. For the simple reason that it is largely based on creating armies of servants. You can call them whatever buzzwords you like — “tech-enabled always-on super-hustling freelance personal brand capitalists”. But the truth is simpler. The stuff of the Servitude Bubble makes a small number of people something like neofeudal masters, lords with a corncucopia of on-demand just-in-time luxury services at their fingertips. But only by making a very large number of people glorified neo-servants…butlers, maids, chauffeurs, waiters, etcetera.

The Servitude Bubble is creating “jobs”, sure — but only of the lowest kind: low-end, deskilled, dead-end, go-nowhere “service” jobs — that don’t only crush your soul, damage your psyche, and break your spirit — but waste your potential. Not “service” as in doctors and therapists— “service” as in pedicurists, trash-pickers, and dog-walkers. And so, on balance, it deskills and impoverishes human potential — it doesn’t expand and enrich it. The Servitude Bubble is made of stuff which, en masse, wastes, decimates, and demolishes the thing which counts most: human potential.

A bubble occurs when things are overvalued. What are ideas like the above really worth? They might — just might — be worth a little bit of change to a very small group of buyers. Google, Amazon, Apple, a hapless, clueless, doddering old media company here and there. But that’s like saying a subprime loan is “worth” it’s face value because a poor aging grandma can’t squint hard enough to read the fine print. Whether or not a handful of frat-bros is willing to fork over millions to one another for these startups like they were chess pieces in their struggles for corporate mid-life-crisis empire is besides the point."



"So the real servitude in the Servitude Bubble is the definition of “technology”. Once, technology meant stuff that went to the moon…cured fatal diseases…extended the human lifespan…enhanced human agency. Now, “tech” means stuff that…hails taxis…organizes butlers…automatically calls dogwalkers."
umairhaque  2015  sharingeconomy  servitude  labor  technosolutionism  economics  capitalism  inequality  ponzischemes 
july 2015 by robertogreco
Steve's Seven Insights for 21st Century Capitalists - Umair Haque - Harvard Business Review
"Matter. "Do you want to spend the rest of your life selling sugar water—or do you want to change the world?"

Master. "Design is a funny word. Some people think design means how it looks. But of course, if you dig deeper, it's really how it works."

Do the insanely great. "When you're a carpenter making a beautiful chest of drawers, you're not going to use a piece of plywood on the back, even though it faces the wall & nobody will ever see it."

Have taste. "The only problem with Microsoft is they just have no taste…absolutely no taste."

Build a temple. "Your work is going to fill a large part of your life, & the only way to be truly satisfied is to do what you believe is great work. & the only way to do great work is to love what you do."

Don't build a casino. "The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament."

Don't pander — better. "We didn't build the Mac for anybody else. We built it for ourselves.""
business  innovation  umairhaque  stevejobs  meaning  purpose  tcsnmy  work  focus  values  management  leadership  2011  lcproject  design  gamechanging 
august 2011 by robertogreco
The Great Splintering - Umair Haque - Harvard Business Review
"a social contract's been torn up…bedrock of an enlightened social contract is, crudely, that rent-seeking is punished, & creating enduring, lasting, shared wealth is rewarded & that those who seek to profit by extraction are chastened rather than lauded. Today's world of bailouts, golden parachutes, sky-high financial-sector salaries — while middle incomes stagnate — seems to be exactly the reverse…The eye of this perfect storm is extreme income inequality that makes the Glided Age look Leninist…rule of law is visibly, easily flouted by the rich, it usually ends up being seen as laughable by the poor. London's become a city where many young people feel they're finished before they start…social upheaval's spreading…Our institutions are failing…We're going to have to build shelter: more resilient, less dysfunctional institutions that can deliver on the promise of real human prosperity that matters, lasts, and multiplies."
society  economics  uk  world  capitalism  eudaemonia  umairhaque  2011  inequality  wealthdistrubution  socialcontract  change  collapse  looting  riots  london  greatsplintering  wealthdistribution 
august 2011 by robertogreco
Umair HaqueEudaimonicsRedesigning Global Prosperity.: The New Road to Serfdom
"our institutions, far from evolving & improving, at time we need to update them most, are actually moving backwards. We're taking tiny steps—sometimes giant leaps—backwards in time, deconstructing the basic building blocks of civilization…<br />
<br />
[Goldman Sachs & London Metal Exchange] It's a giant leap forward for rent-seeking, extracting profit w/out creating a single tiny morsel of authentic value—but a giant leap backwards for the open markets that are the most basic building block of human prosperity…<br />
<br />
[Ronaldo] Think about it: when people can be used collateral to pay off debts…we've just taken a giant, massive leap backwards in civilization. In fact, we're racing down a slippery slope that ends in indentured servitude & slavery.<br />
<br />
Welcome to the new road to serfdom…<br />
<br />
We've forgotten what the economy's for…either we have the wisdom, courage, hunger, defiance, humility, & determination to make the quantum leap to eudaimonic prosperity—or…headlong slide backwards…new Dark Age."
umairhaque  darkages  us  economics  eudaemonia  civilization  society  capitalism  consumption  materials  sustainability  2011  goldmansachs  ronaldo  politics  policy 
july 2011 by robertogreco
How Our Economy Was Overrun by Monsters and What to Do About It - Umair Haque - Harvard Business Review
"The economy is a social construction, built and re-built every day, with every tiny decision we make. No, the average Joe and Jane don't demand designer playhouses — but they do demand the stuff that make the super-rich, well, super-rich. J-Lo perfume, fast-fashion, oil — lots and lots of oil — and all the mass-made "product" lining the shelves of exurban big-box stores. The inevitable ultimate consequences of demand that fails to weigh human, social, natural, and personal costs of such so-called "goods" are public "bads": unemployment, inequality,pollution, isolation — and capital flowing upwards faster and faster. Designer playhouses aren't a first-order consequence of our preferences, but they probably are a last-order consequence, an ultimate result…<br />
Our monsters are reflections of us."
2011  umairhaque  economics  debtceiling  consumerism  consumption  extravagance  wealth  materials  us  society  desire  eudaemonia 
july 2011 by robertogreco
Is a Well-Lived Life Worth Anything? - Umair Haque - Harvard Business Review
"Though it harks back to antiquity, eudaimonia's a smarter, sharper, wiser, wholer, well, richer conception of prosperity. And deep down, while it might be hard to admit, I'd bet we all know that our current habits are leaving us — have left us — not merely financially and fiscally broken, but, if not intellectually, physically, emotionally, relationally, and spiritually empty, then, well, probably at least just a little bit unhealthy. Eudaimonic prosperity, in contrast, is about mastering a new set of habits: igniting the art of living meaningfully well. An active conception of prosperity, it's concerned not with what one has, but what one is capable of. Here's how I'd contrast Eudaimonia with its belching, wheezing industrial age predecessor:

Living, (working, and playing) not just having…
Better, not just more…
Becoming, not just being…
Creating and building, not just trading and raiding…
Depth, not just immediacy…"
umairhaque  culture  society  future  economics  2011  well-being  gamechanging  eudaemonia  immediacy  plannedlongevity  work  play  value  values  creation  making  doing  living  life 
july 2011 by robertogreco
The Big Lie (Thoughts on Why School Is Not Only About Workforce Development) - Practical Theory
"A public education that centers first around workforce development will put high premium on following directions & doing what you're told. A public education that centers first around citizenship development will still teach rules, but will teach students to question underlying ideas behind rules. Workforce development will reinforce hierarchies that we see in most corporate culture, while citizenship-focus will teach students that their voice matters, regardless of station…

I want to be honest about why we teach what we teach. I'm tired of schools & politicians implicitly promising that result of successful schooling is high wages…

Teaching kids that hard work in school will mean more money is shortcut & example of shoddy logic that doesn't ring true to many kids. Teaching kids that hard work in school will help them develop skills that will help them be a more fully realized citizen & person is a harder argument to make, but it stands a much better chance of being true."
chrislehmann  education  tcsnmy  civics  citizenship  economics  schools  schooling  lcproject  umairhaque  douglascoupland  josephstiglitz  pubiceducation  publicschools  citiznship  criticalthinking  whatmatters  toshare  topost 
august 2010 by robertogreco
From Social Media to Social Strategy - Umair Haque - Harvard Business Review
"Today, the meaning is the message. The "message" of the Internet's social revolution is more meaningful work, economics, politics, society, and organization. It promises radically more meaning: to make stuff matter, once again, in human terms, not just financial ones. ... Social strategies are about reinventing tomorrow. Their goal is nothing less than changing the DNA of an organization, ecosystem, or industry. Want to get radical? Stop applying 20th century principles ("product," "buzz," "loyalty") to 21st century media. The fundamental change of scale and pace that social tools introduce into human affairs — their great tectonic shift — is the promise of more meaningful work, stuff, and organization. Start with "the meaning is the message" instead."
brands  socialnetworking  umairhaque  twitter  strategy  marketing  meaning  society  socialmedia  culture  creativity  communication  change  business  innovation  tcsnmy  clarity  cohesion  choreography  control  hierarchy  character 
april 2010 by robertogreco
The Real Roots of the Crisis - Umair Haque - Harvard Business Review
"Everyone's asking me: so, what's really going to trigger the recovery? My money's on culture.
umairhaque  caring  crisis  culture  economics  us  finance  business  community  money  society 
march 2010 by robertogreco
The Wisdom Manifesto - Umair Haque - Harvard Business Review
"scarcest, rarest & most valuable resource in world today is wisdom...isn't about what you "value" — about how everyone values you. To get wise, articulate your essence: the change you want to see in the world. That means literally crafting a statement of intent about "the world", like Google: "to organize the world's information & make it universally accessible."...Wisdom...requires space for experimentation & play — for people to find new ways to change the world. Google's 20% time is going the way of dinosaur — & so, unfortunately, is its wisdom. If you don't get time at work to ignite wise ideas, ask for some, or better yet: take some...Wisdom's battle is the real one: never to compromise your essence, the way you want to change the world. Wise organizations — like wise people — spend time every day examining whether the rot of compromise has led, unintentionally, to self-defeat...Set an example...ceaseless quest for learning...Strategy is obsolete. It's time to wise up."
management  creativity  business  economics  society  success  socialenterprise  wisdom  strategy  umairhaque  tcsnmy  learning  organizations  leadership  administration  value  mission 
february 2010 by robertogreco
The Scale Every Business Needs Now - Umair Haque - Harvard Business Review
"Twenty-first Century scale is about ambition, not stuff. So here's a killer question to kick off 2010: Does your ambition scale? An ambition that scales is one that takes an organization already creating thick value, and expands it to affirmatively answer the three questions below: * Is it globe-spanning? * Is it world-changing? * Is it life-altering? For most organizations, the answers are: maybe, nope, not a chance. For a few, even, worse; the answers are: yes, for the worse, for even worse. Most organizations have only the tiniest, puniest, most inconsequential of ambitions. And that, quite simply, is why most are obsolete."
umairhaque  future  business  capitalism  entrepreneurship  competition  strategy  scale  passion  scalability  ambition  gamechanging  worldchanging  global  life-altering 
january 2010 by robertogreco
The Builders' Manifesto - Umair Haque - Harvard Business Review
"What leaders "lead" are yesterday's organizations. But yesterday's organizations — from carmakers, to investment banks, to the healthcare system, to the energy industry, to the Senate itself — are broken. Today's biggest human challenge isn't leading broken organizations slightly better. It's building better organizations in the first place. It isn't about leadership: it's about "buildership", or what I often refer to as Constructivism. Leadership is the art of becoming, well, a leader. Constructivism, in contrast, is the art of becoming a builder — of new institutions. Like artistic Constructivism rejected "art for art's sake," so economic Constructivism rejects leadership for the organization's sake — instead of for society's. Builders forge better building blocks to construct economies, polities, & societies. They're the true prime movers, the fundamental causes of prosperity. They build the institutions that create new kinds of leaders — as well as managers, workers, & customers."
constructivism  innovation  business  economics  future  design  productivity  umairhaque  leadership  barackobama  middlemanagement  finance  2009  policy  politics  healthcare  creativity  motivation  work  management  administration  builders  organizations  value  evanwilliams  billgates  wallstreet  elinorostrom  matttaibbi  nicholaskristof  maureendowd  benbernake  mohammadyunus  statusquo  sarahpalin  nelsonmandela  power  thomasfriedman 
december 2009 by robertogreco
Undercapitalized « Snarkmarket
"But if you use Haque’s new-economy and Scheiber’s old-economy cri­tiques of cur­rent prac­tices, you get some­thing very pow­er­ful. The pre-managerial, heroic-age-of-capitalism indus­tri­al­ists of the 19th and early 20th cen­turies didn’t always build things that were good, from our per­spec­tive — but they BUILT things, cre­at­ing real cap­i­tal and value along the way, coalsmoke aside. It’s this fifty-year-blip of late uncre­ative cap­i­tal­ism, milk­ing old prop­erty for its dregs, reshuf­fling money to cre­ate some­thing from noth­ing, that has cul­tur­ally really screwed us up."
us  economics  gamechanging  leadership  management  organizations  administration  timcarmody  snarkmarket  umairhaque  manufacturing  middlemanagement  comments  healthcare  2009  finance  compensation  noamscheiber  malcolmgladwell  billsimmons 
december 2009 by robertogreco
What's Your Strategy for the Next Decade? - Umair Haque - HarvardBusiness.org
"who's the fairest of them all?...question most economists are asking. Many answer China, a few holdouts: America. I'd tell you a very different story, clashes with both orthodoxies. Economic might isn't shifting. It's evaporating. Welcome to Age of Decline...isn't just American: it's global, a descent into a new kind of economic dark age - unless different choices are made. Prosperity is a function of institutions — the building blocks on which the economy, polity, & society rest. Without the right institutions, resources cannot be seeded, nurtured, grown, &, ultimately, allocated to their most productive uses. W/out the right building blocks, markets fail, companies self-destruct, & entire economies tremble. And that should sound suspiciously familiar...America's great decline started decades ago, and has been accelerating steadily...we thought America had undergone a productivity miracle. But America's simply been working harder — not smarter. & today, we've reached Peak Dilbert"
future  economics  umairhaque  business  china  us  strategy  growth  bailouts  crisis  2009  peakdilbert  productivity  wealth  efficiency  katrinamerica  skyhooks  cranes  elinorostrom  gamechanging  decline  ageofdecline  innovation 
november 2009 by robertogreco
Skeletor and Gargamel, MBAs « Snarkmarket
"“con­struc­tive cap­i­tal­ists” find ways not only to gen­er­ate qual­i­ta­tive value, but to real­ize it. This is why smaller busi­nesses have so much to offer, to their own­ers, work­ers & cus­tomers: they’re less con­cerned with extract­ing value to pass up the chain (to share­hold­ers, par­ent com­pa­nies, etc.) then with real­iz­ing it by cre­at­ing great prod­ucts, treat­ing peo­ple with respect, offer­ing humane poli­cies, job flex­i­bil­ity, men­tor­ship, etc. You can forego max­i­miz­ing profit if you can real­ize some of these qual­i­ta­tive ben­e­fits. It’s impos­si­ble for some­one trad­ing your stock to real­ize those qual­i­ta­tive ben­e­fits. It’s not that a share­holder is eco­nom­i­cally ratio­nal while a self-employed busi­ness owner isn’t — it’s that in each posi­tion, only cer­tain kinds of eco­nomic decision-making are even possible."
constructivecapitalism  umairhaque  capitalism  economics  local  value  socialvalue  us  markets  finance  banking  gamechanging  metaphors  business  society  snarkmarket 
october 2009 by robertogreco
Is Your Business Useless? - Umair Haque - HarvardBusiness.org
"Socially useless business is what has created a global economy on life support. Socially useless business is what has created a jobless "recovery" and mass unemployment amongst the young. Socially useless business is why we don't have a better education, healthcare, finance, energy, transportation, or media industry. Socially useless business is a culture in shock, reeling from assault after assault on the fabric of community and comity. Socially useless business is the status quo — and the status quo says: "You don't matter. Our bottom line is the only thing that matters."
design  society  umairhaque  business  sustainability  businessmodels  capitalism  humor  metaphors  value  economics  utility  strategy  socialvalue  sociallyuseless  walmart  google  nike  apple  banking  finance  global  globalization  unemployment  education  healthcare  energy  transportation  media  culture  us  community  constructivecapitalism 
october 2009 by robertogreco
Elinor Ostrom and the Future of Economics - Umair Haque - HarvardBusiness.org
"But Ostrom is a radical — and awesome — choice. Not just because of the "what" of her work, but, more deeply, because of the "how" of it. Ostrom's work is concerned, fundamentally, with challenging Garret Hardin's famous Tragedy of the Commons, itself a living expression of neoclassical thinking. Ostrom suggests that far from a tragedy, the commons can be managed from the bottom-up for a shared prosperity — given the right institutions. That conclusion challenges orthodox economics from both left and right leaning perspectives; it suggests that, yes, markets can organize production and consumption efficiently — but only when supported and nurtured by networks and communities."
elinorostrom  umairhaque  cooperation  collaboration  economics  future  governance  nobelprizes 
october 2009 by robertogreco
The Value Every Business Needs to Create Now - Umair Haque - HarvardBusiness.org [related video: http://vimeo.com/5733976]
"Profit through economic harm to others results in what I've termed 'thin value.' Thin value is an economic illusion: profit that is economically meaningless, because it leaves others worse off, or, at best, no one better off. When you have to spend an extra 30 seconds for no reason, mobile operators win - but you lose time, money, and productivity. Mobile networks' marginal profits are simply counterbalanced by your marginal losses. That marginal profit doesn't reflect, often, the creation of authentic, meaningful value. Thin value is what the zombieconomy creates."
via:migurski  umairhaque  economics  business  zombieconomy  capitalism  innovation  strategy  success  competition  ethics  creativity  creation  capital  value  valueadded  finance  banking  crisis  gamechanging 
august 2009 by robertogreco
The Generation M Manifesto - Umair Haque - HarvardBusiness.org - ""Dear Old People Who Run the World, My generation would like to break up with you."
"Everyday, I see a widening gap in how you & we understand the world & what we want from it. I think we have irreconcilable differences...We want small, responsive, micro-scale commerce...authentic, deep democracy — everywhere...We want to slow down — so we can become better...You wanted to biggie size life...We want to humanize life...We want a society built on authentic community...We want to be great at doing stuff that matters. You sacrificed the meaningful for the material: you sold out the very things that made us great for trivial gewgaws, trinkets, and gadgets. We're not for sale: we're learning to once again do what is meaningful...Here's what it looks like to me: every generation has a challenge...ours: to foot the bill for yesterday's profligacy & to create...an authentically, sustainably shared prosperity...Generation M is more about what you do & who you are than when you were born. So the question is this: do you still belong to the 20th century - or the 21st?"
generationm  genm  umairhaque  sustainability  democracy  change  progress  society  culture  future  politics  economics  business  manifesto  entrepreneurship  socialentrepreneurship  small  slow  youth  trends  generations  community  communities  tcsnmy  crisis  scale  size  consumerism  materialism  disparity  transparency  alternative  gdp  gamechanging  manifestos 
july 2009 by robertogreco
The Geithnerconomy and the New Cold War - Umair Haque - HarvardBusiness.org
"Welcome to Looting 2.0. What does that financial system look like? In it, everything is a hedge fund. The Geithner economy is Milton Friedman's revenge from beyond the grave: it is one that puts the allocation of public resources in a very small number of almost totally hidden private hands. The Geithnerconomy is a kind of financial Frankenstein: run by hedge funds, leveraged by the public, whose interests overlap by only 20%. The problem of toxic incentives hasn't gone away: in fact, the Geithner plan institutionalizes and explodes it, like a biological weapon infecting an entire country."
corruption  economics  umairhaque  meltdown  recession  banking  democracy  fraud  debt  goldmansachs  timgeithner  bailout  crisis  2009  feudalism  disincentives  moralhazard 
march 2009 by robertogreco
The Great Restructuring « BuzzMachine [via: http://blog.wired.com/sterling/2009/03/the-great-restr.html]
"I try to argue in my book that what we’re living through is instead a great restructuring of the economy and society, starting with a fundamental change in our relationships - how we are linked and intertwined and how we act, nothing less than that. ... entire swaths and even sectors of the economy will disappear or will change so much they might as well disappear: ... suto industry ... financial services ... newspapers ... magazines ... books ... broadcast ... advertising ... retail ... entertainment ... business travel ... energy ... real estate ... health care ... computers ... universities ... We should be so lucky that elementary and secondary education will also face such pressure. ... consumer products ... government ... There are opportunities here, of course. There always is in change if you’re willing to see and seek it. ... startups ... platforms ... networks ... Education is a growth opportunity but not in its current institutions. ..."
jeffjarvis  recession  umairhaque  innovation  businessmodels  transparency  economics  culture  sharing  2009  change  restructuring  sociology  markets  education  schools  society  realestate  business  community  strategy  startups  networks 
march 2009 by robertogreco
The Smart Growth Manifesto - Umair Haque - HarvardBusiness.org
"Obama is stimulating. Davos is deliberating. C-levels are eliminating. Wall St is recriminating. Welcome to the macropocalypse: no one, it seems, can put the global economy back together again. It's time to reboot capitalism. So where do we begin? Here's a suggestion for what should be at the top of agenda of every decision-maker across the economy, from Davos, to Obama, to Sand Hill Road, to the revolutionaries in tiny garages hatching tomorrow's Googles: reconceiving growth."
umairhaque  growth  sustainability  economics  crisis  2009  creativity  change  people  well-being  entrepreneurship  business  trends  innovation  future  community 
february 2009 by robertogreco
Obama's Seven Lessons for Radical Innovators - Umair Haque
"Barack Obama is one of the most radical management innovators in the world today. ... 1. Have a self-organization design. ... 2. Seek elasticity of resilience. ... 3. Minimize strategy. ... 4. Maximize purpose. ... 5. Broaden unity. ... 6. Thicken power. ... 7. Remember that there is nothing more asymmetrical than an ideal."
barackobama  leadership  administration  management  entrepreneurship  organization  strategy  disruption  innovation  change  business  politics  umairhaque 
november 2008 by robertogreco
Bubblegeneration Strategy Lab - Lessons From the Macropocalypse
"the Fed bailing out AIG is kind of jaw-dropping as a total evisceration of the bedrock of the financial system - and orthodox finance and economics.
umairhaque  massivechange  gamechanging  economics  us  2008  crisis  banking  finance  wallstreet  opportunity  change  revolution  wealth  strategy 
september 2008 by robertogreco
A VC: The Declining Power Of The Firm
"like government's pursuit of Microsoft in 90s, it will not...bring change to marketplace...will be rise of new way, like open source movement fundamentally changed software marketplace, that will bring change that is badly needed to financial markets."
business  umairhaque  change  economics  innovation  internet  microsoft  online  strategy  technology  trends  gamechanging  regulation  finance  via:preoccupations  banking  tylercowen  information  reform  recession  history  competition  control  crisis 
april 2008 by robertogreco
Beyond the Banking Crisis: A Strategy Crisis - Harvard Business Online's Umair Haque [see also: http://avc.blogs.com/a_vc/2008/04/the-declining-p.html]
"orthodox strategy [hiding information and making things less liquid] doesn't stop at finance. Strategy as shadow-making, moral hazard, and market subversion is rife across the economic landscape...hardwired into stale, tired DNA [of industrial-era firm]"
via:preoccupations  banking  business  economics  finance  tylercowen  information  internet  change  reform  regulation  technology  strategy  recession  gamechanging  history  competition  control  crisis  trends  umairhaque 
april 2008 by robertogreco

Copy this bookmark:





to read