I may not like this trend, but I suspect they are correct that there will be
more opportunities to make an impact on society (and the economy) via politics
than entrepreneurship, as least relative to the last three decades.
As a Radical Centrist, I am fascinated by such cyclical pendulum swings, as
(like Newton before me :-) they seem to hint at some larger underlying dynamic:
http://current.com/items/90598372_genius-one-percent-inspiration-99-percent-grit.htm
If we could figure out the higher-order mechanic that makes the pendulum swing
back and forth, perhaps we could escape both the cycles and partisan bickering
between socialism and capitalism.
Hey, one can dream...
-- Ernie P.
http://bit.ly/7KbWwS
In Pareto’s view, power rotates among different groups of elites. Overlooked in
recent years, Pareto’s “circulation of elites” theory may be about to make a
comeback.
For the past 30 years, business leaders have essentially called the shots,
proclaiming markets, deregulation, and globalization as their mantras. Global
capitalism has triumphed at the expense of national governments. The world of
business has attracted the brightest talent and offered the most attractive
careers and compensation.
The next few years will likely witness the return of the politician and the
advent of a larger role for the state in the economy. Barack Obama, Angela
Merkel, and Nicolas Sarkozy have shoved business titans off the front page.
Politicians are now the ones in the driver’s seat.
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