Friday, June 3, 2016

Optimism and Pessimism

Recently I read “Zero to One,” by Peter Thiel, the co-founder of PayPal. The gist of his book describes how today’s most successful organizations think and plan for the future in a rapidly changing world. One particular section I found interesting was Thiel’s contention that the world’s population can be grouped into four points of view. 

The first group is the indefinite pessimists. These people are pessimistic about the future but have no idea when the bad ending will come, so in the meantime they figure, “Why not kick back and have a good time!” Thiel says this describes many Europeans today. 

Next are the definite pessimists. These people are also pessimistic about the future and are convinced the grimness will continue to worsen significantly in their lifetime. As a result, they save as much money as they can and hope it’s enough to outlast the bad times. Thiel says this describes many of the Chinese today. 

The third group is the definite optimists. Thiel says this was American’s viewpoint from the 17th Century up until the 1960s. Definite optimists are serious about their future – they make plans and they believe they’re capable of influencing events occurring around them. This mindset, he contends, is what allowed American engineers, soldiers, scientists, doctors and businessmen to conquer disease, go to the moon, win wars, create innovative products and empower others to do the same. 

The last group is the indefinite optimists, which Thiel says describes most Americans today. We believe the future will be better – we’re just not sure how. As a result, we don’t make any specific plans. 

If we’re able to make a bit of money, we don’t know what to do with it, so we give it to a bank, which in turn, doesn’t know what to do with it, so the bank gives it to institutional investors. Likewise, they don’t know what to do with it, so they spread it out amongst a bunch of companies, and the whole process repeats itself. 

The point is, Thiel says, is that because we have almost unlimited options on what to do with the money, having the money becomes more important than anything we can do with the money. Thus, making the money is an end in itself rather than a means to accomplish other goals. 

That’s a lot to think about, but it made me wonder about the mindset of people within our organization... 

When you think about the future of health care, our organization and your role within our organization, what are you optimistic or pessimistic about? Why? Which of these four groups resonates most with you? I’m interested in your thoughts. Please email me at alan.scarrow@mercy.net.