We're moving from talking about the agile transformation of companies to the transformation of industries and our fossil-fuel centric economies.
Ian Bremmer has published a new book about far-sighted leaders needed to navigate societies through the polycrisis plaguing countries and regions. And our current corporate rating system might not be "meta-enough" to focus our attention on the interwovenness of the global polycrisis, as Adam Tooze pointed out during the summer.
Unlike the "agile transformation" of companies in the last decade looked in unison through the lens of raising competitiveness and shareholder value, there's no"best practice" for the collective challenges that governments, corporations, and households must tackle top-down and bottom-up simultaneously.
These two acts are a good illustration of what I think is currently replacing neoliberalism: catalytic government. This form of government is directional and catalytic, but remains market-oriented. Its goal is to focus on national goals, accelerate the development of industries rather than individual technologies, and redistribute this development geographically.
The world's largest economy started to do something about it with President Biden's Inflation Reduction Act (IRA). Yet, Azeem and his team flagged up an interesting article by the Atlantic that makes the point that it's the IRA, the CHIPS and Science Act, and the bi-partisan infrastructure act that could collectively be providing the catalytic change needed in the US. Ultimately, the US federal government will triple its average annual spending on tackling the global climate emergency this decade compared to the last decade.
Source: The Atlantic (via Exponential View)
For me, it's clear that we're now all writing sustainability transformation into our "own job titles."