THE PUBLIC-IZATION OF THE PRIVATE SECTOR AND THE FUTURE OF GOVERNANCE
What we think of today as the ‘public sector’ did not begin that way. This point of history makes an intriguing backdrop for thinking about power shifts today. The UK Parliament, for example, has its roots in the concerns of 13th century nobility and their rebellion against what they saw as the king’s overreach. Nevertheless, nobles, who were also advisors to the King on issues such as diplomacy and trade, slowly evolved to become a body representing not only their own interests, but the rights and interests of others.
Even though this is a radical simplification of history, it provides an intriguing backdrop to today. There are many signals that today’s private sector leaders and institutions are being pulled into engaging with public, civic issues more intensely. Technological changes are intensifying the pull toward engagement.
Could today’s private sector be next century’s public sector? In 2019 I will be publishing and speaking on the implications of this possibility.