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The New Definition Of Social Capitalism

by Dan Robles on July 22, 2014

SocIntCreaCapAbout 3 months ago, I received a cryptic email from what sounded like a war-weary Wikipedia Editor pinned down in the trenches by enemy cross-fire.  His message was stark;  Wikipedia will delete “Social Capitalism”, you are in the best position to save it”.

Since the dawn of Social Media, many people in the Social Capital domain, including myself, had been contributing references, material, ideas, and theoretical constructs to the doomed Wikipedia article in naive optimism that Social Capitalism may indeed be a new form of social organization.  So, upon receiving the desperate plea from the front lines of Wikipedia D-day, I jumped in and submitted argument after argument to an already formidable defense deploring the powerful Wikipedia Editors to preserve the article, the idea, the possibility…

But alas, we failed.  Perhaps we did not have proper academic credentials. Maybe we were not widely cited by important people. Our oppressors eventually provided a weak explanation related to social systems and economics, etc., but in retrospect, I think the real problem was that we were trying to define something that did not yet exist despite nearly 30 million Google search returns.

I have to admit that I agree with the Wikipedia editors. In reviewing that experience recently, I turned to the definition for “Capitalism (disambiguation)” in Wikipedia:

Wikipedia defines Capitalism as an “economic and social system in which the means of production are privately controlled”. 

Factors of Production (from classical economics) are presumed to be something like “land, labor, and capital”.  Now, consider that modern day factors of production are increasingly cited as: “Social Capital, Intellectual Capital, and Creative Capital” of people and their relationships.  After all, these are the assets that are deployed in order to produce the proverbial “basket of goods” upon which most global currencies are compared.  

This is not trivial. Since these modern factors of production exist between the ears of each individual person, they are, by definition “privately controlled” and readily exchanged for economic outcomes among people in social networks.

LifebeginsatincIf the US Supreme Court agrees that corporations are people, then it is equally valid that people are corporations too. Taken together:

Social Capitalism refers to the economic and social system in which the means of production are social, creative, and intellectual assets.  

However, (and a big however), in order for Social Capitalism to become the dominant form of social organization, quite literally, society must reorganize itself to account for exchange and trade of intangibles. Then, all the decentralized innovations that we call the “Social Capital Domain” can integrate, unify, and dominate. Everything will change.

SEE: Reorganizing For The Era Of Social Capitalism

Perhaps then we’ll finally have a Wikipedia article for Social Capitalism like those clear, present, and magnificently organized warriors behind such economic facts as  Corporate Personhood.

 

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Reorganizing In The Era Of Social Capitalism

by Dan Robles on July 8, 2014

Society needs to reorganize itself to trade “abundant intangibles instead of scarce tangibles”.  Then, all the decentralized innovations currently coming online can truly integrate.….and, everything will change.

The Mother of All Hedge Funds

May 9, 2014

Tweet Money is supposed to represent human productivity; otherwise nobody would work for it (think about that for a second). Today, money is created from future productivity in the form of debt;  when you take a loan, money is created out of thin air and posted as an asset on the banks ledger.  Unfortunately, the […]

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Shutting OFF The Lights On Big Data

May 2, 2014

Tweet Big Data, Bigger Data, Not Neutrality, Mega-Mergers, Election Deform – BIG (fill in the blank)  spells BIG trouble for LITTLE (rest of us).  We don’t stand a chance against the tsunami of surveillance that is barreling our way.  Big Data is becoming it’s own feedback loop and, like shoving a microphone into a stack […]

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What EVERY Engineer Must Know About Bitcoin

April 24, 2014

Tweet A bitcoin (lowercase b), as a currency, has several flaws that will continue to limit its ability to replace money as we know it.  There are millions of words published on the subject, so I’ll leave it to the reader to assess arguments on both sides.  However, Bitcoin (upper case B) as a “protocol” […]

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Operation Cosmic Dawn

April 8, 2014

Tweet Constellations Of Knowledge Assets: The inspiration for this post comes from the April 2014 issue of National Geographic Magazine and the story of Cosmic Dawn; The Atacama Large Millimeter Array (ALMA).  ALMA is a constellation of dozens of separate telescopes working together to cancel cosmic noise so that a clear and focused vision of the […]

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Community Organization On The Block Chain

January 2, 2014

Tweet The potential for articulating smart contracts between local business entities using the Block Chain Protocol (BCP) is truly staggering. While the BCP may not be ready for general population and would be largely unnecessary within a corporation, certain contract types and certain business structures may offer an excellent environment for widespread development.  Cooperative businesses […]

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The NWO On The Block Chain

December 27, 2013

Tweet

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What if Everyone Was a Bitcoin?

December 19, 2013

Tweet There is no shortage of articles waxing aloof about how Bitcoin is just another example of a very few people controlling a very large percentage of an impossibly scarce object.  Others argue that the carbon footprint of Bitcoin mining is so excessive that the last coin will require all the energy of the Sun […]

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Occupy BitCoin

December 14, 2013

Tweet Occupy Wall Street had the effect of “measuring into existence” the 99% of people who subsidize the economic liberty of the top 1%. Now, with the BitCoin Protocol, the financial information gap between the 99% and the 1% is about to disappear. This is a fleeting moment in history and an opportunity that we […]

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Factors Of Production For The Crypto Economy

December 7, 2013

Tweet One of the more interesting definitions and implications of BitCoin comes from Stephan Molyneux in this video.  His key points include: 1. Definition of BitCoin: a protocol for the synchronization of information. 2. The BitCoin block chain ledger can contain ANY information such as contracts, user agreements, DNA sequence, Patents, time stamps, contingency claims, […]

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Curiosumé; Because The Résumé Must Die

October 14, 2013

Curiosumé is an open source analog to digital converter for knowledge asset objects. By moving away from a semantic resume and moving toward a personal digital API, the trade and exchange of knowledge assets may be machine enabled for matches, proximity, relevance, weight, and probabilities of achieving various outcomes. As such, economics of “intangibles” will become more efficient.

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The Scaffolding of the New Economy

October 14, 2013

…where the output of one platform becomes the input of the next platform, and so on. This is how the future will arrive. This is the next step that we must take together – integrate.

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A Practical Guide to The Big Flip

October 4, 2013

The specter of economic calamity is rearing it’s ugly head once again, but for many, the end game came in 2008. Innovators have spent the last 5 years developing new systems and methods to survive in a collaborative economy.

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Collaboration Nation

August 19, 2013

Tweet The Resumé Must Die What if there were an accounting system that was built on collaboration rather than competition?  What if “semantics” could be largely eliminated by public agreement, so that we all knew what everyone else knew?  How would this change what, when, where, how, and why we produce and consume things?   […]

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The Knowledge Inventory Rev 3

May 25, 2013

Tweet   Here is a link to the demo and instructions for use.  Seems to work best in Firefox. Please provide feedback directly to me or through comments. KnowledgeInventory-Instructions  Demo site

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Global Knowledge Asset Inventory

May 24, 2013

Before I write this blog post, what does this image mean to you?

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The Everlasting Endowment of Social Capital

April 28, 2013

Big social changes are always controversial; industrial revolution, voting rights, woman’s rights, civil rights, etc – each were truly radical ideas in their time. Social scientists suggest that such changes have three oppositional features;

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A 100 Billion Dollar Value Game

April 2, 2013

100 billion dollars is the amount of money on the game table being adjusted, pooled, and diversified against risk exposures. The value game causes the “plays” to be modified by any of the players. When hedged with Real Estate valuation, liquidity can be substantial for all of the players changing incentives strongly in favor of collaboration rather than competition.

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What If It’s Too Late?

March 24, 2013

Tweet My greatest doubts about The Value Game stem for the evidence that our scarcity based competitive economy is so deeply rooted in our being, that we would be unable to extract ourselves from our self-inflicted wounds.  What if we have crossed some unknown threshold and it is too late to turn back, to learn, […]

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What If We Got It Backwards?

March 22, 2013

Tweet What if the human species was SUPPOSED to evolve to a social organization system where everything that we now call ‘intangibles’, were in fact ‘tangible’; and, everything that we now call ‘tangible’, were in fact, ‘intangible’.  What would that world look like? This not so far fetched actually because our species has already created […]

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Introducing The New Capitalism

March 18, 2013

Instead, we must now build the social network functionality around the shared asset – not the people who share the asset. This is the critical missing piece to the next level of value creation.

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Hacking The Financial System With Intangibles

March 15, 2013

Tweet Money is the medium by which people store and exchange the value of physical objects – we call them ‘tangibles’.  Money does not articulate ‘intangible’ value very well, except as a proxy for the physical things that people make and exchange for money.   The intangibles community is quick to point out that there is […]

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The Value Game Corrects Market Distortion With Intangibles

March 13, 2013

Tweet (The Value Game is a powerful tool for deploying Intangible Capital to distorted, corrupt, or dysfunctional markets.  The following case study describes a current project that our team has won against substantial mainstream competition.  This case study is about real money, real projects, real people and real markets where the Value Game converts social […]

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