Short-Term Thinking Is Our Biggest Problem. Here’s 3 Ways To Fight It | Co. Design
In 1972, U.S. President Richard Nixon asked China’s first premier, Zhou Enlai, for his assessment of the French Revolution, 183 years after the revolution’s conclusion. Zhou’s response: “It is too early to say.”
Although we believe that the democracy that resulted from the French Revolution can be judged a success, the jury’s still out on some of the major challenges we still face. We are experiencing a major paradox: While problems and issues, like the global-warming crisis and the energy-water nexus, become more complex and require longer timeframes to solve, the West is becoming increasingly shortsighted. China’s main competitive advantage over Europe and the United States may be its broader perception of time. Even the present financial crisis could have been avoided had we been looking at century-long cycles rather than four-year political periods.