British technological failures have been compounded by a political phenomenon I have come to think of as “great leap forward syndrome”. The idea is that the best way to compensate for stumbles and missteps is to move, at one bound, ahead of the field.
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30 October 2013, Financial Times
05 June 2013, Financial Times
British law might have said that the duty of directors is simply to promote the interests of the company’s members. But it doesn’t – and that is no accident.
17 October 2012, Financial Times
Commercial decisions often reflect policy-based evidence, not evidence-based policy. Doing the deal is what matters; justification comes afterwards.
19 September 2012, Financial Times
Effective banking reform should aim at structures, not at intensified supervision. Resilient systems are simple ones.
22 August 2012, Financial Times
The argument that we need the best and latest is powerful in political decision making, even among people who would never behave that way in their everyday lives.
04 July 2012, Financial Times
Casinos attract greedy people with deficient ethics: the fear this engenders frames regulation, the obligations we impose on executives and the culture we expect from operating companies. Perhaps banks should operate to standards as high as those of casinos.
13 July 2011, Financial Times
By the time Stephen Byers could slip from one cabinet post to another without taking responsibility for any of the blunders that seemed to happen wherever he was in charge, ministerial accountability had been replaced by T.S. Eliot’s cat: “When a crime’s discovered, then Macavity’s not there.”
09 February 2011, Financial Times
When an industry model is broken, the best business strategy may be to manage its decline.
02 February 2011, Financial Times
People in the middle of events often know less about them than those watching from the outside, which is why interviews with senior business figures inform us about what these people think rather than what is happening.
04 August 2010, Financial Times
At the medieval courts Shakespeare described, the exercise of power was not a means to an end, it was itself the end. The political and economic environment has been transformed. But human nature has not, and the factors that drive powerful men today are little different from those that drove them five centuries ago.
05 December 2012, Financial Times
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