The economic inequality fallout of the pandemic


While doing a course on, ‘Welcome to our post-pandemic future’, the aspect of economic inequality trend jumped out at me. A trend that seems to have accelerated since the onset of the pandemic.

Statistics show that the eight wealthiest people in the world now have as much wealth as the bottom 3.5 billion people combined! Incredible as it seems, that is correct. The combined wealth of this league of extraordinary gentlemen out weighs that of three and a half billion people! It set me thinking. What is that differentiating proposition that creates such a disparity? Is it the intelligence quotient, is it the emotional quotient, a combination of the two or something else?

As I reviewed the behaviour patterns and articulations of these extraordinarily wealthy gentlemen. I could discern a pattern. A common underlying theme behind such incredible wealth creation seemed to be a knack of envisaging a future that seemed impossible, in fact laughable to most folks around. However, these individuals held the belief to hunker down and live into that future, having the doggedness to hang on till they could make it true.

 I discovered something else. As the world shifted in terms of technology and mindset, there came a moment when the window of opportunity aligned with the envisaged future and competence set of the individual. Because of the ability to hunker down and hang on, the individual could recognize that ‘clunk’ of the future as it arrived and take appropriate action. This seemed to be true for Bill Gates, Jeff Bezos and Mark Zuckerberg as well as the others on the list.

In the next three to five years, how could we expect to see the growing economic inequality pan out and its impact on the world? One might envisage depressed ‘across the board’ consumer demand and a drag on the global economy. Most of us can recognize the negative potential of a severe long-term drag.

In one of my earlier posts some years back (https://esgeemusings.com/2017/01/22/a-brave-new-world/), I had mused:

“…….Our Brave New World too seems to be a story of the blue and red pills allowing us a choice of the path we could take.

One road leads us to a virtual utopia. Inhabited by people fully able to realise their creative and innovative potentials. A world where people are uniquely free to follow their passions and creative urges. Where innovations are exploding every other day and unimaginable wealth is getting created. Where products and services are plentiful and available to all. Where being wealthy or not no longer matters. A world that has finally come to realise the socialistic dreams of Karl Marx and Lenin, but in a warped way.

The other way is to the land of dystopia. Of people lacking meaningful work and condemned to exist on the lower rungs of Maslow’s hierarchy. With not a hope in hell of achieving the higher rungs of potential. Of folks condemned to live on a Universal basic income provided by the Governments of the day. Of large sections of society feeling increasingly dispossessed and spiralling down into drugs, gambling, terrorism and similar madness……….”

 As I think of the growing inequality of today, I do spot some of the above-mentioned patterns of change. But I remain unsure of a pre-determined outcome. Would the economic disparity continue to grow? If so, what could each one of us do to support folks to more effectively handle the situation?

I sense that over the next few years, the world would need to go through a period of healing, not only emotional healing from the damage and trauma of the pandemic but a movement to restore overall consensus and a more equitable share for all towards livelihood. All of us would need to get involved and ensure that groups who have been disproportionately affected are at the table for coming up with plans and solutions, including young people, and that they have a chance to really have a say in what happens next to ensure a better and safer future in the coming years.

In Learning…………..                                                                                                      Shakti Ghosal

The Fault in our times


Do the following look familiar to you? Do they apply to you?

  • Are you living an E- Life, is your life made up of bits and bytes, black and white?
  • Are you perennially rushed, shortchanging your grasp of a situation as you celebrate breadth instead of depth?
  • As you face a situation, do you see yourself reactively ‘firing from the hip’ rather than standing aside and reflecting deeply?
  • In a fast-changing world, are you racing through your days without the clarity of who you really want to be and where you really want to go?
  • With relentless demands at work and home, are you becoming short tempered and easily distracted?
  • Are you so wired up that you are melting down?

Equipped with day planners, to-do lists, smartphones and laptops, we pride ourselves as efficient time managers as we hold the intention to multi-task and optimize our productivity on a 24 X 7 basis. What is that which stops us from bringing sufficient energy into all that we are doing, why is it that we fail in so many of our well-intentioned endeavours?

Have you wished you had more time and the wherewithal to do things better? But is it the paucity of time………. or is it something else?

There is a significantly different element, not time, which is the fundamental currency of performance and effectiveness.

http://www.empathinko.in

Reimagining Leadership in the Digital Era


“Clearly, the thing that’s transforming is not the technology — the technology is transforming you.” Jeanne W. Ross, MIT Sloan’s Center for Information Systems Research

Moolya Foundation is a non-profit organisation that aims to transform public affairs through digital leadership. The mission of Moolya Foundation is to expand the conversation surrounding public affairs and empower every citizen in the digital age.

Moolya Summer School 2021`— 6 weeks internship cum training program — aims to engage with budding policy enthusiasts and familiarise them with the principles of policy research and practical approaches to policymaking and analysis.

I was recently invited to deliver an online address on ‘Reimagining Leadership in the Digital era.’.

The Merriam Webster dictionary defines ‘Reimagining as ‘to form a new conception of, to recreate.  What is Leadership? A great definition is ‘visualization of and moving towards a future that was not going to happen otherwise.

In the digital era, our world is increasingly granular- more number of players are entering every day & increasingly interdependent- more unknowable connections between them. Information availability & sharing is 24 X 7 binding us all together and creating a global awakening of expectations.

http://www.empathinko.in, http://www.shaktigosal.com

#shaktighosal #moolyafoundation #reimaginefuture #leadershiptransformation #coachingmentoring

The 3 Laws of Performance


I had recently spoken about the 3 Laws of performance on the E- Bookery platform.

Are you willing to rewrite the future of your organization and Life? Watch this 30 minutes video to get a blueprint for achieving performance breakthroughs.

How can you shift from being disengaged to being proactive, from being resigned to become inspired, from being frustrated to becoming innovative?

http://www.empathinko.in

#shaktighosal #leadershipdevelopment #leadershipandperformance #performancelaws #leadershipcoaching #leadershiptraining #mentoring

The way of the pandemic- A shift of perspective


As I write this the pandemic has been with Humanity for a little over one and a half years. If History’s signposts are anything to go by, the pandemic would remain with us for another one to one and a half years. In between the viral waves ( third, fourth and so on) would wax and wane as surely as does the moon.

At this point in time, we are witnessing two discrete trends:

  1. The world as a whole is seeing a week to week increase in infections of 11%. Clearly the pandemic is waxing now, with large swathes of countries in Europe, South America and Asia adding to the numbers.
  2. Vaccination has picked up pace with most countries rapidly vaccinating their citizens. The developed countries in Europe and North America have largely vaccinated their population.

If we were to look at India, which just a couple of months back, had a world beating surge in excess of 400,000 new infections a day, the decline from those highs too was rapid. However, as we speak, the infection numbers seem to be flattening out at around 40,000 new cases a day. While this signifies a drop 0f 90% from peak levels, it is still a 400% above the bottom level witnessed at the end of the first pandemic wave last year end.

Thanks to News channels and social media, folks remain nervous about the virus variants. How the COVID 19 virus keeps on mutating, how the Delta  ( and other yet to come!) variants are leading to new infection surges all over. There is also widespread concern about the efficacy of the available vaccines against the mutating variants. Folks remain stuck in this narrative and feel confused and disempowered about what they should do.

People ask, “Are we into a no-win situation where a solution to a problem is leading to a new problem arising?”

Europe may provide an answer.  Let us look at what is happening in Europe excluding Russia.

  1. Week on week, infections have gone up by 41% ! Currently, new infections over the last week stands at 449,826. This could be partly due to the crowds gathering for the Euro Cup matches!
  2. Total deaths in the previous week has been a mere 1317. This, on a  base of 449,826, is a mere 0.3% ! I repeat the deaths as a % of infections is a mere 0.3% !!

What this means is that in Europe the deaths related to COVID 19 is now so miniscule that it might actually be lower than that being caused by common influenza.

What this implies is that while vaccination may not be preventing infection, it is surely diminishing fatalities and that too almost totally.

So where do we go from here? What could we do to shift the overall context so that we could return back to ‘normal living’?

What we could do is this.

  1. Shift our perspective and language from infections to fatalities. In the ultimate analysis, that is what matters (apart from hospitalization, which too gets diminished by vaccination)
  2. Stand in the cause of supporting vaccination. Each one of us could play an enabling role in this by getting one or two folks in our circle vaccinated expeditiously. For example, we could assist our service providers and household helps by registering them for free vaccination on the Government portal.

What will you do today to support your own and your family’s movement towards normal life? Apart from of course  circulating this post!

In learning……. Shakti Ghosal

#shaktighosal # Perspectiveshift #pandemicwayforward

My Crucible moment and self-reflection


I was in a meeting with my new Chairman. I was passionately elucidating my future plans for the business.

The Chairman looked at me, made a sign of smallness with his fingers and said, “Your businesses generate too small a revenue!”. The stress was on the smallness, the inconsequence of all that I and my businesses were doing.

Stumbling out of the meeting, I was in a daze. To be told by your boss that all your efforts and dreams, all that you stood for, did not matter in the larger scheme of things, was devastating.

As I look back at that crucible moment, I can see how it changed the trajectory of my life thereon.

For days afterward, I was pummeled down by negative thoughts and low self-esteem. I swung between anxiety, anger and bitterness. 

The way it occurred to me, there were all these guys, less qualified and with less competence, who were being acknowledged because they seemed to be ‘at the right place at the right time.’

I felt small. I hadn’t done anything wrong to deserve what I had heard. From that one conversation, I seemed to have lost a significant part of myself, opening up hitherto un-noticed doors to self-doubt and self-flagellation.

But then a thought came to me, ‘Had I done enough right?’

I unburdened myself by speaking about the incident and my thoughts to my wife and a couple of trusted workplace colleagues. I felt less like an idiot when I shared what I learned from screwing up. This helped me to move beyond the dark side of my self-doubt and low self-esteem.

The incident supported me to work on that crucible moment question, “Had I done enough right?” It taught me the practice of Self Reflection. It is this that opened up for me new possibilities and opportunities of growth.

In his Wall Street Journal and Publishers Weekly bestseller, ‘The Blueprint: 6 Practical Steps to Lift Your Leadership to New Heights’, author Doug Conant speaks of his own journey of self-reflection and discovery that revolutionized his leadership and transformed his career trajectory.

Doug condenses his remarkable leadership story into six practical steps.

  • Reach High – Envision
  • Dig Deep – Reflect
  • Lay the Groundwork – Study
  • Design – Plan
  • Build – Practice
  • Reinforce – Improve 

In today’s world of uncertainty and disruption which can leave us stuck and overwhelmed, the above six steps have the potential to lift our leadership and performance to heights that would bring us career success, joy and fulfillment.

In Learning……….

Shakti Ghosal

http://www.empathinko.in

#shaktighosal #leadershipdevelopment #performancecoaching

Is Digital Leadership a skill or a mindset?


Moolya Foundation is a global non-profit organisation with an aim to bring greater inclusivity in public affairs through digital leadership.

The mission of Moolya Foundation is to expand the conversation surrounding public affairs and empower every citizen in the digital age where marginalisation of the common people is fast growing.

To abridge the socio-economic, political and information inequalities in digital societies, Moolya Foundation envisions creating future leaders in public affairs who shall be at the forefront to represent the interest of the common people.

Do see this first part of my freewheeling session with Neha Gour of Moolya Foundation in which we discuss ‘Is Digital Leadership a Skill or a Mindset?’ As happens at such times, The Chronicler of the Hooghly also gets discussed!

Fault Lines Curtain Raiser video


The Chronicler Tales….

Come embark on a journey through Time and Transformation.

Suffering severe injuries from a gas explosion, Anjan meets Savio who brings him face to face with the private demons from his past. But past demons do have a way to come into one’s present with life changing consequences. Who is Savio?

The Chronicler of the Hooghly and other stories is now available worldwide on Amazon, Flipkart and select book stores.

The Embarkation and the Journey


Come! Embark with the Chronicler on a journey through Time and Transformation.

Four Stories. Five Crucible experiences.

What could be behind you taking this trip today……. and me telling you this tale?

Which Pandemic is going to leave a more lasting impact, the one inside the head or the one outside, can we be sure?

Can a moan carry with it the realisation that friendship and harmony have lost out to communal mindset and greed?

What do you say when you go away……. only to come back and find that your life has irretrievably changed?

In Learning………

Shakti Ghosal

The Reboot Toolbox


It was a simple idea that brought in the Reboot Toolbox. An idea about how to support our own-selves (as well as others) to remain relevant in a world with a new normal?

As part of the Reboot Toolbox initiative, a Webinar titled “Pandemic and how to plug-in to the future” has been showcased over the last couple of weeks to alumni associations, students and employees of Leading B Schools and organisations. The Webinar underlined the premise that different skill sets and way of looking at situations would be needed in the new normal. The webinar introduced to the participants practices using the 4 Action Stage initiatives framework and a Resilience Tool.

how to support our own-selves (as well as others) to remain relevant in a world with a new normal?

The Reboot Toolbox is about a vision to upgrade Leadership and Performance in a world with a new normal. A world in which Uncertainty and Volatility would be the norm. The Reboot Toolbox would strive to bring new thoughts and practices aligned to the new normal.

As part of the vision, I invite you to join the Cause. You could do that in the following manner.

(1) Engage in discussions on the forum.

(2) Contribute thoughts, articles and tools to support others in the journey.

(3) Spread the word about the Reboot Toolbox Webinars within your organisation as also to others. They come Free of Cost!

Should the Reboot Toolbox and its vision resonate for you, do reply back to me Offline on : shakti.ghosal@gmail.com

Stay well, stay safe!

In Learning……..

Shakti Ghosal

%d bloggers like this: