|Work Club Sydney|
When ‘Starship Enterprise’ took off 250 years ago, the middle classes began to make the modern world with accelerating speed and yes, it must be said, with some adverse consequences. But there is no better spaceship, no better sputnik, known to mankind. Working and trading are fundamental to human relations.
But business doesn’t usually factor in negative effects to the community at large – what economists euphemistically call ‘externalities’. For example, cities need open space, which business doesn’t address. Therefore ‘Steamship Democracy’ is needed alongside ‘Enterprise’. It’s a steamship, because it’s slower, but it actually needs to be faster, to anticipate business and promote the common good.
Luca Belgiorno-Nettis is the Managing Director of Transfield Holdings, and Prisma Investments – a private family office. He has a B. Arch. (UNSW) and a Dip. in Urb. Est. Mngmt. (UTS) and is also a member of the UTS Vice-Chancellor’s Industry Advisory Board. In 2004 he founded The newDemocracy Foundation, a not-for-profit research organisation focused on political reform. In 2009 he was awarded an AM for his work in arts and the community generally, and in 2014 he was awarded an Honorary Doctorate from Western Sydney University.