They are also alike in having fallen from being clear sector leaders — H.P. in hardware and Yahoo in the Internet world — to strategic drifters.
We foresee at least dozen new venture firms and vehicles emerging in 2019 with clear sector-led investment thesis around the place of Southeast Asian economies in the global value chains of fashion industry, agriculture and food; labour, healthcare services; manufacturing, construction tech and so on, with investment teams that have the necessary expertise to unravel this increasing complexity.
When it comes to creating the infrastructure India needs, the lesson seems clear: private sector good, public sector bad.The contrast will end when Chennai's new airport terminal opens, which is due to happen in 2013.
Last month, Oxford University announced it would limit its investments in oil and coal and that the university's $2.7 billion endowment would "steer clear of sectors with high social and environmental risks," according to Bloomberg Business.
The reason is clear: public-sector workers in hotspots get much less extra pay to compensate for higher living costs than do private-sector workers.
Google acted admirably by listening to users and working to save the videos but entrusting such vast cultural archives to a body that has no explicit responsibilities to protection, archiving and public cultural welfare is inherently dangerous: as the situation made clear, private sector bodies have the ability to destroy archives at a whim.
A priori, it is not clear which sector has the preferable employment and earnings profile.
And it became clear that sector is broad but it was stuck; it couldn't provide credit that would enable growth at the community level.
The other lesson from the fires is equally clear: private sector action is necessary but not sufficient to provide a long-term future for forests, wildlife and people.
We should also ban for-profit prisons, as presidential candidate Bernie Sanders has proposed; the profit motive in this industry too often leads to exploitation and abuse, not just of people in prison, but of their families as well (to be clear, public sector prisons also need to -- and can -- be significantly more humane).
