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A plan for saving democratic capitalism from itself


A plan for saving democratic capitalism from itself
Economic systems must balance efficiency with resilience in order to survive and flourish.
Photograph by Dilok Klaisataporn
The marriage of democracy and capitalism has been arguably the greatest force for good in history, giving the creativity and enterprise of talented individuals the freedom to generate value in which all of us can share. History also shows, however, that this system’s continued survival cannot be guaranteed.
Machines that process inputs into outputs are judged and compared according to the efficiency with which they convert the one into the other. A car that travels farther on the same amount of fuel than another car is, other factors being equal (road conditions, for instance, or weather), more efficient and therefore better by that measure than the other car. If we assume that the economy is a machine, then the same cause-and-effect sequence must apply. Greater efficiency drives growth. ....

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10 books from 2020 on leadership, strategy, and innovation


Seb Oliver/Getty Images
If you re seeking guidance during the pandemic, you might want to pick up these 10 books on leadership, strategy, and innovation. 
The authors dive deep into ethics, long-term strategies, experimentation, and case studies to show you everything you need to know about running a company, supporting a culture that works, and churning out great ideas. 
Other titles divulge secrets of major tech players, including Reed Hastings work philosophy, Susan Fowler s nightmarish experience at Uber, and the inside story of Instagram. 
Business authors in 2020 must feel like travelers who packed for the beach and arrived to find the coast pulverized by a tsunami. Some with new books hastily cobbled together forwards or epilogues addressing current events or shoehorned COVID-19 paragraphs into their introductions. But we ll have to wait until next year (and more likely later) for the deep thinks on what has changed and how ....

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