Why was the wisdom of Peter Drucker ignored?
Thinkers often make the heinous error of confusing what they see with what they would like to see. The most profound source of true knowledge is the present, and great and good thinkers only forecast futures after thorough analysis of today. To the uninformed, that might sound banal and limited. But while qualities such as dynamism, vision, daring and contrarianism exist and are very attractive to everyone, they can lead all too easily to gross misunderstandings like those which led the bankers and investment bankers down the path of doom. When tested by what was really happening in the real world, their actions made no sense. ‘The real economy’ has become a buzzword since the crash. But economic activity can’t be anything other than real; the question, though, is whether the real economy is properly understood. That deep understanding and realism maybe rare but it was very present in the late Peter Drucker, the greatest management thinker of our times. He possessed an uncanny ability
