My business thought for the day: Industrialists, Capitalists and the rest of us Industrialists are not capitalists but are the cousins of the capitalists. Capitalists take risks. They see an opportunity, an unmet need, and then they bring resources to bear to solve the problem and make a profit. Industrialists seek stability instead for the capitalist and make a team. Industrialists work to take working systems and polish them, insulate them from risk, maximize productivity and extract the maximum amount of profit. Much of societys wealth is due to the relentless march of productivity created by single-minded industrialists, particularly those that turned nascent industries (as Henry Ford did with cars) into efficient engines of profit. Industrialists dont mind government regulations if they write them, dont particularly like competition or creativity or change. They are maximizers of the existing status quo. Of course, they cant abide humanity when it comes to work, because humanity is inconsistent and interested in things other than the last zero. The best employee is a robot that can be plugged into a wall. The stock market rewards the single-minded industrialist with short-term applause and then the relentless desire for ever more of the same growth and productivity that got them applause yesterday. Todays industrialists define our economy, but they offer very little promise for tomorrow. Theyve long bought ads to polish their image, but mostly work to alter the culture in ways that will ensure theyll get just a little bit more yield out of each of us. 64 ounce Coke, anyone? As long as industrialists are measuring productivity, engaging in scientific management and focused on ROI and predictability, there will always be a gap between the dreams of those they interact with and the demands of their shareholders. There are lots of ways to justify the work of industrialists, to point to the efficiencies and productivity they create. That doesnt meant that we must aspire to nothing more.
Posted on: Mon, 27 Oct 2014 18:24:55 +0000
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