“His (Piketty’s) argument, based on current and historical data, is that wealth is becoming more important because now that the rate of return on capital is higher than the rate of economic growth. When this happens, the gap between rich and poor gets bigger. In the past century wars and depressions kept the value of capital in check, but without disruption or intervention, the concentration of wealth is likely to intensify. The inevitable result? Increasing inequality.”
Vinsel spoke yesterday at the SOH Festival of Dangerous ideas. It was a slightly annoying session – I wanted to believe and disbelieve (in innovation) at the same time. In his talk, I felt Vinsel argued one-sidedly the dichotomy between ‘innovators’ and ‘maintainers’, without acknowledging the sense I felt all the way through, that it’s a question of balance of both (and more). My concerns were partially addressed on the day – Vinsel noted his comments were ‘polemical’, but better mollified in the comments of his original post, where (in response to comments about the Maker movement) he notes, ‘This work is polemical obviously, and my strategy in it was to pull together things that aren’t juxtaposed frequently enough… some of what I say is unfair–or at least is only partial–but that’s the nature of the genre.‘
My feeling is that innovation remains very valid, but I share a lot of Vinsel’s concerns about both its (1) being used as a panacea (and/ or proxy) for many other (critically important) things, and (2) the increasing use of innovation jargon/ rhetoric, to obscure what is really going on.
So, I feel that a better understanding of Vinsel’s concerns is going to help me a lot better in understanding and performing my day job, and a few things besides.
More to come, I hope.
Recovered from Evernote, notes I made an eon ago:
1. Set the job parameters
2. Select your delegate
3. Explain the work
4. Advise the rest of the team
5. Follow up on check points/deadlines regularly
6. Assess the completed work – don’t expect it to be perfect straight off
In addition, make sure you set realistic deadlines and diarise key dates with the delegate and that they understand why certain deadlines need to be met. Finally, make yourself available to answer any questions that may arise..