Enlightened Capitalism is The Best Economic Model
There are many people who believe that the optimal political model is a Singapore style benign dictatorship, but I am not among them. Similarly many believe that enlightened capitalism is the best economic model, and here I share that belief. The problem with both concepts is that my definition of them probably (make that certainly) differs from yours: they are based on interpreting ‘bits’ of this factor and ‘bits’ of that element, and often seem to apply to a set of particular circumstances that make them difficult to transfer:
They are also like the Intel chip: millions of people have heard about it, but if somebody put one on a table right in front of you wouldn’t recognize it for what it was Is enlightened capitalism about employees who can’t wait to get to work? High investor returns? Effective and efficient operations and/or service? Great products? Being environmentally responsible? Not treating your vendors like dog-poop? Avoiding but not evading taxes? Having a clear vision? Impeccable ethics? Acting with political correctness? Or is it all of the above? As with many things, the best way to pin it down is to rule out what it isn’t. Sherlock Holmes made us face the self-evident: when every thing else has been ruled out, whatever’s left – however unlikely – must be the answer.
