Shortterm thinking hinders long-term progress from "summary" of Reimagining Capitalism in a World on Fire by Rebecca Henderson
When we prioritize short-term gains over long-term progress, we are essentially sacrificing sustained success for immediate gratification. This shortsighted mentality can have detrimental effects on our collective future, as we neglect to address crucial issues that require long-term planning and investment. In the pursuit of quick profits, we may overlook the importance of sustainable practices, ethical considerations, and social responsibility, all of which are essential for building a thriving and resilient economy. By focusing solely on short-term outcomes, we fail to consider the broader implications of our actions on the environment, society, and the economy as a whole. This narrow perspective can lead to decisions that harm the long-term health of our planet and communities, undermining our ability to achieve lasting prosperity and well-being. In essence, short-term thinking prevents us from making the strategic investments and systemic changes necessary to ensure a sustainable and equitable future for all. Moreover, the emp...
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