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Date: 2024-09-27 Page is: DBtxt001.php txt00024537

MANAGEMENT METRICS
DEVELOPING EFFECTIVE METRICS
TVM ... Wealth Growth NOT a Good Measure

Peter Burgess COMMENTARY
This was written more than 10 years ago, and is still valid. Sadly accumulation of wealth has become synonymous with success which is not only simplistic but wrong.

The TVM initiative has been emerging and evolving for a very long time ... maybe as long as 30 years, but the version that is emerging today is quite different from what was articulated in the late 1990s and then in the early 2000s.

Peter Burgess

Wealth Growth NOT a Good Measure

The driving force of modern market economics and capitalism has been the simple idea that the pursuit of wealth is the best incentive for people to be fully engaged in activities that produce progress. There is no question that an economy based on this premise is better than one driven by egalitarian sharing of the product of enterprise … as in socialism or communism … but that does not mean that the capitalist market system works very well and is the best that can be devised.

Without an alternative measure of performance the capitalist market system is going to be “the best there is” … but, based on true value metrics it is abundantly clear that something better is possible.

Building wealth by the exploitation of the poor is as old as history. There is nothing wrong with the creation of wealth … but there is a lot wrong when there is little progress out of poverty because it is the price being paid for the accumulation of wealth and its concentration in the corporate sector and among powerful individuals in the economic elite. Concentration of economic power was seen as detrimental to society in the era of the “robber barons”, and the basic logic of the argument has not changed at all over the years.

The text being discussed is available at

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