(2008-01-08) Haque Macropocalypse Big Co Corrupt

Umair Haque thinks 2008 is the year for the "Macropocalypse", driven by the Corruption of the BigWorld model. The real problem is that the firm - the corporation, as the fundamental institution of production - is deeply and irrevocably broken. It's DNA is in shock. The corporation we've created is a monster; a form of organization growing more Pathological by the day... These are brushstrokes in a larger, darker picture: moral hazard is rife across the productionscape. To be blunt: today, every industry across the larger economy is marked by deep, systemic Moral Hazard.