Tuesday, October 11, 2011

31 (More) Days of #BIF7 - Day 11 - Umair Haque

I can't recall for certain, but I don't believe Umair Haque explicitly mentioned the Occupy Wall Street movement (which had just started days earlier) when he spoke via webcast at BIF-7, although it seems he anticipated all the signs and portents.

For economies, Umair said, move through three stages:
  • Functional economy - Survival, subsistence
  • Aspirational economy - Affluence, power, consumption
  • Meaningful economy -  Fitter, smarter, wiser
And the U.S. is at the end of an aspirational economy.  As Umair said at BIF: "We stand in the rubble of an opulence bubble."

The solution, Umair suggests, is to try something radically different, to innovate and begin the transition from "opulence to eudaimonia".

Additional information:

Umair Haque on Twitter:

BIF Profile Page

This is part of my 31 (More) Days of #BIF7 blog series.

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