Economists continue to debate the extent to which free markets are truly efficient.
It seems to me that two things are certain:
free markets are remarkably efficient at …
1. accumulating wealth, and
2. consolidating power.
Beyond that, it seems to me that free markets are not that efficient at all.
As the economy continues to sour, consumers have gone on strike. For the past few months, I have been contemplating the following economic and social trends that seem to explain why.
Rising productivity is what enables companies to increase employee’s pay. Increases in pay result in the overall rise in our standard of living. However, in the last decade, this relationship between productivity and rising employee pay seems to have been fractured.
Before you criticize a man, walk a mile in his moccasins.
— Source: my mom, although usually attributed to Native American sources but could be from ancient Rome and may have roots in Christ’s teaching in the Bible.
Even though this quote is an oldie but a goodie, it seemed fitting for my three day run with aphorisms on empathy. Loosely defined, empathy is the capability to share and understand another person’s emotions and feelings.
I believe that empathy is one of the most powerful tools in leadership, business, and life. By putting yourself in “the other person’s shoes” you can have richer interactions and make better decisions on every front. I am much more effective as a leader if I imagine how my style and actions are perceived by those I am endeavoring to lead. The products that I create or the services that I provide are much more valuable if put myself inside the mind of my customers as I create and deliver them.
All power corrupts, but we need the electricity.
— Unknown
Sometimes the best thing we can do is to stop “doing” and just be. You don’t have to “be” anything. We don’t have to “be” quiet, or productive, or useful, or nice. Just be.
In his brilliant album that gave music and lyrics to Richard Bach’s Jonathan Livingston Seagull, Neil Diamond wrote:
Be, as a page that aches for a word that speaks on a theme that is timeless.
Books must be read as deliberately and reservedly as they are written.
— Henry David Thoreau, Walden
I have always been a deliberate reader. When I stumbled across this quote while reading Walden so many years ago, it simply gave me permission to enjoy the pace at which I read. Good writing is more than just conveying ideas or recounting a story. Good writing creates a mood, and images, and evokes emotions — and these cannot be digested while speed reading.
One of my favorite writers is Pat Conroy, and my favorite book of his is Prince of Tides. When I read this poetic prose I am drawn in to the rich and colorful images Conroy is able to create. Every sentence feels like a sculpture carefully crafted.
The other day I posted how the squeaky wheel doesn’t always get the grease. Sometimes, it gets replaced. I found another variation to this delightful adage on the DesignAday web site.
“Broken gets fixed. Shoddy lasts forever” . . . When deadlines are tight, and there is more work to get done than there are developers or hours in the schedule, it’s not the squeaky wheel, but the jammed one that gets the grease.”
— Jack Moffett
So true. This is my frustration with Apple’s iPods. I have a 3rd generation Nano that has a couple of annoying bugs in the software. I listen to a lot of podcasts and I convert many of them to audiobooks so I can listen in the “faster” mode. Unfortunately, the fat Nano has a hard time remembering that it is set on the “faster” setting. I have to hit menu four times to back out of the current podcast and drill forward two settings menus to remind the Nano that it is still set on “faster.” Then back out two menu settings and drill back into the podcast. I have submitted bug reports to Apple at least a half-dozen times but I am afraid that my little bug isn’t broken enough to warrant a fix.