Our business models are broken
Who can we blame: The same Silicon Valley and Wall Street hype makers that launched the first internet bubble 26 years ago. And me. You can blame me.
We are looking for someone to blame for the challenges we face today.
Congresswoman Robin Kelley of Illinois blame the “fundamental flaw” in Facebook’s business model that spreads content that is “incendiary, contains conspiracy theories, or violence.”
Activist hedge fund manager Engine No.1 is attacking Exxon from the inside of the board to address an “existential threat to its business model” in a world intent on reducing carbon emissions.
Regulators in Europe are challenging linear business models that extract raw materials from the earth and produce high-intensity consumption and waste as they tax and impose tariffs on carbon-intensive industries.
As we search for ways of thinking about how we organize people and resources to live well on this earth together, we keep repeating the same destructive business model logic.
I think I have been complicit in this game.
Let me explain because I was there. 26 years ago today. The day the business model was born.
Instigator, Redesigner, Entrepreneur
3yWe are stuck between the need to act quickly at a massive scale to save the planet and the realization that those very models of growth are the reason why we are facing our own extinction. Catch 22 meets late-stage extractive capitalism.