Skip to main content

A great book for optimists; sceptics will hate it!

When you see the stock market valuations of Internet and social media companies that price audiences at billions of dollars even if there are no profits you may scratch your head in confusion.

Future Perfect by Steven Johnson is a book that captures the optimism behind those stock prices and despite its US focus provides some good pointers for small businesses everywhere.

At the heart of his argument to be optimistic is his belief that LeGrand stars will be replaced by Baran webs. No, I didn't know what he was on about either. But it is compelling to read on.

LeGrand stars are systems like big corporations and big government, named after the Frenchman who built France's railway network centred on Paris. It's super-efficient until the centre breaks down.

Paul Baran was an engineer who worked in the US defence industry and developed a communications web that the Soviets could not disable by knocking out the centre. It became the internet.

In his book. Johnson gives plenty of examples where ordinary people are able to collaborate in peer-to-peer networks to achieve great results.

For example, malnourished families in rural Vietnam were helped by outsiders who focussed on finding out how some families managed to feed their children and then on sharing their ideas in the villages. The consultants were "not there to provide outside expertise; they were there to amplify the expertise that already existed in the community."

This is a great example for independent retailers, who need to share best practice with each other. Some of the best symbol groups started out as peer-to-peer networks and many try to maintain strong information exchanges. But the importance of this activity is often underestimated by retailers who see a world dominated by big grocers, big suppliers and big government.

Those who campaign against the asymmetric control of information and power will find much encouragement in this book. They just need to find a different way to organise their arguments. Take inspiration from the defeat of SOPA by a collaboration of activists who spread the message to a billion people so that fast tracked legislation became toxic overnight.

"Over the next five years most industries are going to get rethought to be social, designed around people," says Mark Zuckerberg in a quote used by Johnson.

This is a book for people who want to make change happen. It's opening chapter is a must read for optimists. Things really are getting better all the time, says Johnson. If you like this worldview then Future Perfect will motivate you to do more.

Comments

Popular posts from this blog

Digital disruption in the UK wholesale space

“Twenty years ago I was driving boxes to the post office in my Chevy Blazer and dreaming of a forklift,” says Jeff Bezos in his most recent letter to shareholders. A blink later and he points out that the company has grown from 30,000 employees in 2010 to 230,000 now. But his ambition is the same. “We want to be a large company that’s also an invention machine. We want to combine the extraordinary customer-serving capabilities that are enabled by size with the speed of movement, nimbleness and risk-acceptance mentality that is normally associated with entrepreneurial start-ups.” Amazon is great at disruption because of its customers focus and the fact that the internet means it needs none (or very few) people between its warehouses and the shopper. The threat of Prime, its membership service, is the biggest challenge facing the UK retail market and the wholesale market by extension. It is both a direct threat and an indirect threat in that is inspiring countless numbers of othe...

Traffic lights: a fuss about nothing

I am sure that FT columnist Michael Skapinker has written about traffic lights food labelling before and his latest article is provocatively called: The food companies that make people fat. He criticises Coca-Cola and Unilever for sticking with guideline daily amounts (GDAs) when traffic lights work much better. Former Walmart Europe public affairs head Bernard Hughes wrote in to support Skapinker. He said: "There isn't ever a perfect information system flowing with beautiful logic. But traffic lights give powerful direction to the busy consumer." But in this age of smart phones surely this debate over the labelling on the packaging is easily overcome. The government can simply issue an app that when held over a bar code provides shoppers with a traffic light system. The supermarkets could do this on their websites. Surely the whole point about the future is that the internet and limitless data storage means that the shopper is being empowered with the informatio...

Sunday trading consultation: fair or fixed? You decide.

My local council, South Oxfordshire, asked me to complete a survey on Sunday trading as a local resident. The deadline is next week. The first question was about the current arrangements and what I thought. There were five options: large shops shouldn’t open six hours is already too long current restrictions are about right large shops should be allowed open for longer no restrictions. My answer was the current restrictions are about right. The next question was about what would happen if the council allowed large stores to open for longer. The menu included 10 options and a space for other. The options were that it would: encourage me to shop more in my local town give me more flexibility impact on my religious or cultural beliefs have a positive impact on my business have a negative impact on my business increase footfall to my business reduce footfall to my business provide more employment opportunities open to me in the local area mean that I need to...