Working harder and better, but then what?

17 May

The message in the picture above applies not only to the IMF but also to the case of credits and subsequent investments in general, due to a short-sighted political context whose (mainly speculative) financial logic has led to an economy based on the principle of cost reduction. Now, this course inevitably results in the attainment of diminishing returns (first affecting those whose life is based on productive labor because they can not or have no way of speculating). Through financial engineering, we optimize the “how to do” instead of moving forward by changing “what to do” … We are living with the speculative goal of freeing wealth from the preexisting wealth instead of innovating and work to create NEW wealth. Almost twenty years ago, Gary Hamel (2000) explained very well the outlines and outcome of this story and here is a brief summary: