Harvard Business Review

AUGUST 27, 2015

So although you might expect that in a hypercompetitive environment, ambitious companies would constantly wrest market share from the leading firms, the reality is quite the opposite. Overall corporate profits are at record highs of roughly 21% of GDP. GDP growth could hit nearly 5% in 2016.

ROIC 8

ROIC McKinsey GDP Company 8

Harvard Business Review

JUNE 8, 2011

Median income has stagnated for decades and mere "recovery" probably isn't enough to do much about it, because GDP isn't concerned with who gets what. As I've noted , GDP has long decoupled from more meaningful measures of welfare, like the ISEW or the GPI, that begin to measure what matter to humans, not just sociopaths in $7000 suits.

GDP 19

GDP Hypercompetition Offshoring Long-term 19

Harvard Business Review

DECEMBER 8, 2010

Perhaps the most basic economic institution is GDP. When GDP's updated to reflect environmental costs, so must be corporate income statements — otherwise, the math simply won't work. From an economic perspective, its goal is much the same as India's updated GDP 2.0: But to the newcomers, let me explain what I mean.

GDP 16

GDP Hypercompetition IPO Information 16

Harvard Business Review

FEBRUARY 16, 2011

The more Enronian GDP "grows," the steeper the eventual bill of underpaid costs and overbought benefits to be paid. In such an economy, GDP might "recover" from a "recession" (over and over again) even as the average household watches its income, net worth, and opportunities flatline or plummet. Deep debts.

Incentives 15

Incentives GDP Hypercompetition Self-aware 15