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Using what you've got

Richard Merrick's avatar
Richard Merrick
Aug 16, 2020
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There is enormous inertia—a tyranny of the status quo—in private and especially governmental arrangements. Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable.

Milton Friedman 1982.

This could be a very current quote. At the moment, Milton Friedman is maybe most mentioned for his views on shareholder capitalism. Many don't agree with them - including me - but there's no doubt about his insight, or intellect.

It's not just politics. How many businesses, universities, and other organisations are floundering right now because nobody had taken the time to reflect on the nature of what's impossible?

We have been brought up, trained and incentivised to think efficiency in monetary terms. But like all business models, …

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