ACCOUNTING IN A CHAORDIC WORLD - Dee W Hock

Efforts to make information conform to archaic notions of scarcity, ownership, and finite physical quantity--concepts that grew out of the agricultural and industrial age--merely lock us into old mental boxes of constraint and exploitation.

Visa’s founding CEO Dee Hock had a realization. He saw clearly that it was “beyond the power of reason to design an organization” capable of coordinating a global network of financial transactions of the sort that had started to develop.7 Yet, he also knew that nature regularly achieves just that. Why, he wondered, couldn’t “a human organization wo

Data, on one end of the spectrum, is separable, objective, linear, mechanistic, and abundant. Wisdom, on the other end of the spectrum, is holistic, subjective, spiritual, conceptual, creative, and scarce. [...] Today we are drowning in a raging flood of new data and information and the raft of wisdom to which we desperately cling is breaking