Skip to Content
Humanocracy
book

Humanocracy

by Gary Hamel, Michele Zanini
August 2020
Intermediate to advanced
368 pages
9h
English
Harvard Business Review Press
Content preview from Humanocracy

 

— 8 —

The Power of Markets

You probably wouldn’t want to live in a centrally planned economy where a distant authority decides what should be produced and in what quantities. You wouldn’t want prices to be set by fiat, or be forced to buy from state monopolies. You prefer choice to compulsion.

Over time, centralized control creates profound distortions—unbalanced sectoral growth (typically favoring capital-intensive industries), bloated state enterprises, chronic under- or overcapacity, and epic waste. China’s state-owned enterprises, for example, generate about 20 percent of Chinese output, but account for more than three-quarters of all corporate borrowing.1 Moreover, the state sector’s return on assets is barely a fifth of what China’s ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

Supertrends

Supertrends

Lars Tvede
Hyperdocumentation

Hyperdocumentation

Olivier Le Deuff

Publisher Resources

ISBN: 9781633696037