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.
