Perplexity AI

Consensus management often became an excuse for paralysis; lifetime employment not only proved impossible to maintain but also was a formidable barrier to promoting young talent. Clever young Japanese bankers and businesspeople migrated to Western firms that were prepared to give them more responsibility, not to mention money.

What happens when many, perhaps the majority, of the tasks required to operate a corporation, or a government department, can be run more efficiently by machines? Who will benefit first from these dynamics, and what will they likely do with this new power?

What is the future of business when technology-enabled networks and marketplaces let people choose when and how much they want to work?

“The Global Economy as an Adaptive Process,” at seven pages and zero equations, is well worth a read. Holland recounts many, now familiar, difficulties in mathematical analysis of economics that assume linearity, exclusively negative feedback loops, equilibria, and so on, before proposing that the economy is best thought of as what he calls an adap