These firms are run as networks or ecosystems, rather than top-down command-and-control models. They tolerate and even encourage significant “organizational messiness.” Values and culture are key features that help maintain consistency and coherence.
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Entries by Hunter Hastings
The future of innovation lies squarely in the initiatives of the independent, interconnected entrepreneur. As new technologies like A.I. and global idea exchange platforms augment individual capacity, the trend towards individually ideated innovation will accelerate.
The socialist program for the U.S. would make shortages, or otherwise degrade quality, of whatever product or service is put under a public monopoly. The pace of innovation would slow, and living standards generally would be lower. These are the opportunity costs of socialism from a modern American perspective.
In our increasingly socialized farm economy, nearly everyone is too big to fail. Which means the rest of us pay. The Farm Bill has that golden seal of congressional approval: It was “bipartisan.” All that means is both sides found ways to blatantly rip off taxpayers.
Get rid of politically created and reinforced privilege and allow economic processes to readjust to reality: to target production of wellbeing instead of favors and influence. This will not do away with inequality as such, but will significantly decrease it.
People prefer to deal with those they know, like and trust. Small business can win big on these three fronts. More and more customers will make the choice to buy from small business, especially now that technology, science, efficiency and organizational effectiveness are no longer reserved to big business.
According to Gallup, only 13% of people worldwide say they are engaged in their jobs – they find their work meaningful and look forward to it. Maybe this whole jobs thing might not be working too well. Innovation For Jobs (i4j) is aiming to create a new paradigm.
Central Bankers need to acknowledge how little they know about how their policies affect the economy, and how simplistic and weak their models are. Their failure to do so amounts to creating financial crises deliberately.
It’s well known that the top 1% seize all the income gains. The rest of us stagnate. Isn’t that true? Well, no. Who says so? The Congressional Budget Office, which reports periodically on the distribution and growth of the nation’s income. It recently found that most Americans had experienced clear-cut income gains since the early 1980s.
There is an impartial spectator inside all of us, guiding our actions. The market is an external impartial spectator, the sum total of all the empathy in all free market exchanges.
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