Tuesday, August 31, 2010

Sunday, August 1, 2010

economics

The world economic system is in the process of being reinvented. It is taking place by people in sectors of the economy that don't know they are really on the cutting edge of that change.

They are questioning some of the most rooted ideas that have been around for hundreds of years. In the world of science people are questioning the existing incentive mechanisms, the open access to information, the ownership of intellectual property, does innovation drive technology or is it the other way round?

Was the industrial revolution a technology movement or a social movement? It appears that the industrial revolution was really a social movement that introduced, for example - the creation of a class of poor people, the idea of industrial jobs, capital flows. A social movement that created our existing economic model that we are all ruled by.

Here are a few more questions just for starters. Is there such a thing as venture capital philanthropy? Can our present economic system grow forever or are we faced with replacing growth with development?

The people of the world are facing massive change one way or the other, are we going to except the change that is happening without our understanding of what we are doing that is making this change or are we going to assess where we presently are and chart a new course. The course has to start with an economic system that is more democratic than the present one, for the ever expanding idea of growth is just not sustainable and the waste and sacking of the earth environment will only in the end reduce the human population in a way that is going to create massive dislocation and world wide die offs.

It's up to you.