Difference between revisions of "18: Slipping the DISC: State of The Portal and Chapter 2020"

Studying this work led to the idea of talking about EGOs, that is, embedded growth obligations. Now, [[Embedded Growth Obligation|embedded growth obligations]] are the way in which institutions plan their future predicated on legacies of growth. And since the period between the end of World War II in 1945 and the early '70s had such an unusually beautiful growth regime, many of our institutions became predicated upon low-variance, technology-led, stable, broadly distributed growth. Now, this is a world we have not seen in an organic way since the early 1970s. And yet, because it was embedded in our institutions, what we have is a world in which the expectation is still present in the form of an embedded growth obligation. That is, the pension plans, the corporate ladders, are all still built very much around a world that has long since vanished.