[P2P-F] Fwd: How Modern Economics Is Built On 'The World's Dumbest Idea'

Wed Aug 7 06:10:56 CEST 2013

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From: Chris Watkins <chriswaterguy at appropedia.org>an interesting mention of
a commons in the heart of industrial society.

"The problem is that when you outsource manufacturing in a foreign country
far away, you are not just losing jobs. You risk losing something more
important: knowledge. And even more important than that: the capacity to
innovate. When knowledge and innovation are involved, you’re not just
relocating a business. You may be relocating your future. When all large
businesses do it, based on the economics they have been taught at business
schools, whole sectors of the economy disappear permanently.

The conventional economic thinking that we find in this book, as Pisano and
Shih point out, “ignores the fact that new cutting-edge high-tech products
often depend in some critical way on the commons of a mature industry. Lose
that commons, and you lose the opportunity to be the home of the hot new
businesses of tomorrow.”'

How Modern Economics Is Built On 'The World's Dumbest Idea'
http://www.forbes.com/sites/stevedenning/2013/07/22/how-modern-economics-is-built-on-the-worlds-dumbest-idea/

Sent from Pocket.

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