Yesterday afternoon I sent an email to a client in which I made a reference to Internet time, implying that since the business world is moving at the speed of blur, we need to put the inherent demands of our agreement on a faster track; effect a greater sense of urgency.
However, reading through one of the newsletters that arrived yesterday, I was reminded—every so importantly—that Internet time and world economic order time are two different concepts of time, and that they need to be reconciled when planning strategy, and stratdigi. Operating solely within the framework of one concept and disregarding the other completely will, undoubtedly, guarantee obstacles and challenges to your business progress.
You can get a short and very informative look at a psychological analysis of the economic-order time concept, and also at the propensity for commentators to continually proclaim the end of problems and a resumption of business as usual here. It includes a fascinating piece from Marc Faber documenting the various quotes about how well the economy was doing from 1928-32.
This read recalled to mind a book that I’ve read a couple of times to remind myself to always be circumspect when assessing the emergence of a trendy idea or technology. Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, by Charles Mackay, LL. D., is a read that’s tough to put down. You can enjoy it online for free here.