Rebooting Prosperity in an Age of Austerity

Today’s austerity is the failure of yesterday’s thin, inauthentic prosperity. That means the central challenge of the Age of Austerity is to reboot prosperity. Tomorrow’s global economy must be built on a more authentic prosperity: one that is more nuanced and meaningful, because it matters in human terms.

In the Age of Austerity, it is institutional innovation — the most advanced and powerful kind of innovation — that counts. Today, we're still surrounded by industrial era institutions — corporations, resources, industries, exurbs, and GDP, to name just a few. Rebooting prosperity means reinventing the institutions that led to austerity.

via Rebooting Prosperity in an Age of Austerity – Umair Haque – Harvard Business Review.