“Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished”.
– Barak Obama
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The gloves are off:
Mr. Obama’s statement is profound; in a single stroke, [...]
The Office of the Relationship Economist of the United States:
President Obama said in his inaugural address;
“Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished”. [...]
In the early 1990’s, the NAFTA Mutual Recognition Document (MRD) for engineering professionals was the first modern attempt to treat knowledge like a financial instrument. Unfortunately it failed because of a tiny little flaw that I call ‘social clipping’.
Most trade agreements that followed were modeled after NAFTA and, as such, inherited the clipping flaw. The [...]
Throughout history, technological change has also brought changes in the organization of society around the new ways to allocate resources. The industrial revolution spawned the two prevailing economic theories of our time; Capitalism and Socialism. The current wave of technological change will likely spawn new economic theories and social organization systems as well.
Capitalism arose from [...]
Periods of change in any market open the doors for abuse as control systems often lag behind the waves. This is especially true for social capitalism where the social contract is changing rapidly and the enforcement mechanisms are largely non-existent.
All markets must have effective vetting mechanisms in order for the market to be viable. If [...]
As the vortex of computer enabled society develops, new social media applications will soon touch the ground in a tornado of Social Capitalism. I reflect on the hidden social codes of on-line vs. off-line society.