DWD20200412

David's Time With Peter F. Drucker 2020.4.12 Defining Performance James Harrington, thr Father of the English political philosophy out of which grew Locke, Hume, Burke, and The Federalist Papers, laid down in his book Oceania that “Power Follows Property.” It was the shift in property from the great nobles to the country squires, he argued, that explained the English Revolution of the 1640s, the overthrow of absolute government and its replacement by the parliamentary government of the new property owners, the local gentry. Demographics have, within the last fifty years, shifted property in all developed countries. We now are beginning to see the resultant shifts in power. Two development——the emergence of an affluent middle class of nonmanual workers, and the extension of life expectancy——have led to the development of institutions such as the pension funds and the mutual funds. And these are now the legal “owners” of the key property in a modern, developed society that is, of the publicly owned corporations. ——《Management Challenges for the 21st Century · Chapter2》(Peter F.Drucker,1999)