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Aug 022012
 

In April 2011 Edward Glaeser wrote, “Over the last decade, January temperature continues to predict growth throughout the entire United States.”

In May 2006, Paul Graham wrote that, in order for an area to be a ‘Silicon Valley’, it needs wealthy individuals, entertainment, a relatively lax attitude toward regulation, and a world-class university.

South Florida has all of those in abundance, except for the world-class university.

Connect the dots, and you get a business plan. The administrators — especially the fundraisers — of the University of Miami, Florida International University, Florida Atlantic University, and Nova Southeastern University should be tripping over each other in the quest to hire a couple of Nobel Prize winners in Chemistry, Economics, Medicine, or Physics.

They even could specialize, the one taking Medicine; the other, Economics; the next, Chemistry or Physics.

Granted, the region probably would become known as Silicon Beach or Silicon Swamp — neither of which captures the essence of what lies more than a half mile (1 km) west of the ocean — but there’s no point in fighting the public’s branding expectations.

Already, the headquarters of AutoNation, Burger King, Citrix, DHL USA, Office Depot, Ralph Lauren, Ryder, and a lot of other lesser-known companies are down here. There is a very healthy culture of entrepreneurship here, and I expect that young individuals in technical fields could do worse than to look in South Florida for prospective spouses.

South Florida has gone from being literally the end of the road to The Gateway of the Americas. It is time to take that next, logical step and invest in the region’s blossoming into a truly world-class hub.

Or, we can scratch our heads in wonder, as the geeks and nerds go to the middle of the desert.

Invest accordingly.

Prof. Evans

Nov 182011
 

From Peter Drucker’s Post-Capitalist Society (1993) [page numbers are from the paperback edition]:

p.3

We are clearly still in the middle of this transformation; indeed, if history is any guide, it will not be completed until 2010 or 2020.”

In other words, that really is the light at the end of the tunnel, and not an oncoming train.


pp.4, 5 & 6

That the new society will be both a non-socialist and a post-capitalist society is practically certain… The market will surely remain the effective integrator of economic activity. But as a society, the developed countries have also already moved into post-capitalism. It is fast becoming a society of new “classes,” with a new central resource at its core… Instead of capitalists and proletarians, the classes of the post-capitalist society are knowledge workers and service workers.”

All you old-school Prius socialists and throwback anarchocapitalists, just… stop. You’re both right, and you’re both wrong.


p.8

Value is now created by ‘productivity’ and ‘innovation’, both applications of knowledge to work… The social challenge of the post-capitalist society will, however, be the dignity of the second class in post-capitalist society: the service workers.”

This is what all the ruckus is about, and not Marxists versus Objectivists, both of whom stare fixedly at the 19th Century in the rearview mirror.

The most radical thing you can do to help The People and to bring dignity to service workers, would be to start a service work firm, hire disenfranchised service workers, distribute the shares among them, and find clients to contract their service jobs to you. Then, let the service workers run the show and create opportunities for advancement among the ranks. In this way, your, e.g., janitorial workers will have seized the means of production, and they will have a chance of rising above their current stations within your firm, rather than wander the halls as Invisible People in someone else’s. Ditto clerical work. Ditto anything else that can be outsourced and does not require higher education.


p.10

Political theory and constitutional law still know only the sovereign state… [S]ince the end of World War II, the sovereign nation-state has steadily been losing its position as the sole organ of power.”

The solution to social discord is not political. Politicians, are by definition individuals who have chosen careers in the pursuit of power, rather than producing something of value. At best they are caretakers; at worst they are rulers who exempt themselves from the statutes and regulations that they impose on the rest of society.

The occasional bone that they throw to members of special interest groups is an attempt to buy votes, no matter how pretty the words, how forceful the scowl, or how many times the speaker repeats a phrase.

It is not within the framework of a nation-state that individuals create wealth. One does not vote wealth into existence. If one wants to create more wealth for the poor, one must look to where wealth is created.


p.14

I also consider it highly probable that within the next decade or two there will be new and startling ‘economic miracles’, in which poor, backward Third World countries transform themselves, virtually overnight, into fast-growth economics powers.”

viz. Hans Rosling’s TED presentations, the BRIC countries (Brazil, Russia, India, and China), and The Next 11 countries (Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam).


Invest accordingly.

Prof. Evans