By Jim Selman | Bio
New York is a consumer paradise. That’s one of the reasons it is a shopping mecca for so many people from around the world. Folks who can afford it want to have an apartment here, the ‘Big Brands’ want to have a store on 5th Avenue, and the rest of us want to look in the store windows and buy stuff. New York, of course, doesn’t have an exclusive on being a magnet for shoppers—most big cities have their own version of a street lined with designer stores overflowing
By Jim Selman | Bio
The conventional wisdom in Alcoholics Anonymous is that alcoholism is a ‘disease’ of the ego—self-centeredness. Basically the alcoholic becomes trapped in his or her own point of view and denies any other perspective on ‘reality’. The alcohol is a symptom of a loss of control and choice—a condition of cognitive blindness and a self-destructive pattern of behavior. I have distinguished that culture works the same way. That is, the ego is to the individual what culture
By Jim Selman | Bio
One of the more consistent maxims in life is that money doesn’t buy happiness and that happiness is the bottom line of living—otherwise, what is the point (unless you believe in one of those ascetic cults or religions that promote suffering as good for the soul)? This is actually good news, given a whole lot of people are not going to have much money for a while and maybe not a lot of opportunity to get it. We all hope that this financial crisis is going to be short-lived, but don’t hold your breath.According to an article on Harvard Business Publishing, capitalism is consuming itself and Capitalism 1.0 is being reinvented to become Capitalism 2.0. The old notion that growth is simply a function of producing and selling more stuff is being replaced by the idea that we need “smart growth”, not more of the same old growth. Said differently, if all we
By Jim Selman | Bio
One
of the central tenets of my work is that everything happens in a
context of relationship—a shared background of concerns, commitments
and practices—what I call a background of relatedness. We may make
commitments as individuals, but we always fulfill them in networks of
relationships with other people.
The other day I was asking,
“What does it mean for an economy to collapse?” What is the worst-case
scenario of the current ‘meltdown’ and ‘freezing
By Jim Selman | Bio
The engine that drives the world’s economy is a principle that is embedded in our worldview—“more, better and different”. It may seem obvious, but when we think about consumerism, materialism or alcoholism—or any ‘ism’ really—they are all based on the idea that if we like something, then ‘more’ is good (and conversely, if we don’t like it, then ‘less’ is good). Continuous improvement demands that things get better and better—and ‘more’ better
I have been having a lot of ‘state of the economy’ conversations lately. The consensus is that we are going in the wrong direction and the only question is how long, how deep and how prepared we are for the long haul. I made the observation that the economic consequences of a recession are only part of the problem. A recession is a trust issue. When credit dries up, it means that lenders don’t trust the borrowers to keep their commitments. It creates a kind of double-bind. Here is how it