Bridgewater, the Panopticon, and Plato
Bridgewater takes two ideas from philosophy, the panopticon and Socratic
dialogue, and implements them in the real world.
First, at Bridgewater, employees are recorded and the videos can be watched for future
analysis. This is similar to David Hume's idea of the panopticon from the 1700s, in which
convicts are placed in a prison in which a guard could watch any prisoner at
any time. A key difference between the two is that in the panopticon, convicts
do not have a choice of participating, while at Bridgewater, employees are free
to leave at any time.
Second,
Bridgewater espouses a theory of communication called “radical transparency.” This
radical transparency is a style in which people are direct, honest, and civil
with each other, while questioning and probing. The level of transparency is
similar to a Socratic dialogue, in which one person questions the other until
the other is left flummoxed, written by Plato in the 400s BCE.
Bridgewater’s
success is based in sound philosophical styles for discovering truth.
Both Hume and Plato paved the way for Bridgewater.
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