| Summary: | Technology is moving fast, but the corresponding forms of social management are not. The key issues are thus centered on the overall question of governance. We certainly have progress in corporate governance, but only in so far as profits are concerned. The result is that we have efficient corporations (outputs) with an overall negative result (outcomes) in terms of climate change, loss of natural resources and unemployment. The exclusion of a vast majority of the population from modern production systems contributes to the growth of income inequality. With global political tension, particularly in Latin America. The synergy of the environmental problems and social dramas is also presented. The second part of the paper studies the loss of systemic productivity in the use of labor, credit, social policies and technology management. The main suggested alternatives are linked to improved accounting systems, more democratic governance both in the public and private spheres, as well as more dynamic participation of civil society organizations
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