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The conclusion is exactly correct: "The backlash against globalisation points to a glaring underlying weakness of management theory: its naivety about politics
by lkrubner 10y ago
The conclusion is exactly correct:
"The backlash against globalisation points to a glaring underlying weakness of management theory: its naivety about politics. Modern management orthodoxies were forged in the era from 1980 to 2008, when liberalism was in the ascendant and middle-of-the-road politicians were willing to sign up to global rules. But today’s world is very different. Productivity growth is dismal in the West, companies are fusing at a furious rate, entrepreneurialism is stuttering, populism is on the rise and the old rules of business are being torn up. "
It is worrisome how much people pay for books that teach things that are plainly wrong. They mention Thomas Friedman’s “The World is Flat” but there are a lot of others they could have listed. For the last 40 years there has been almost constant rhetoric from business writers about the way that business was becoming more and more competitive, and yet the numbers show that exactly the opposite was happening: new business creation has been in decline since the 1970s, and consolidation means that business has become less and less competitive for the last 40 years. Monopolies have become more common. Patent laws and copyrights have been extended to make monopoly easier. It is true that if you are trying to start a new business, the situation has become increasingly bleak since the 1970s, so from the point of view of someone just starting out, things have become harder, and perhaps some people mean that when they say "things are more competitive". But that isn't the competition of one business against another, that's the competition of one worker against another. We should be clear about our terminology.