The Next Google will be a percentile search engine that predicts the likelihood that any combination of knowledge assets can produce or execute any combination of products or services at a known cost based on the supply and demand for those known knowledge assets. End of mystery.
After all, every living person is allocated a certain amount of time on Bizarro World. Time is a scarce resource whose value is determined by supply and demand. Time is not easily forged, debased, or counterfeited. It makes for a perfect Bizarro currency. Of Course the Bizarro Currency would be called the Rallod (Dollar spelled backwards).
Today, land, labor, and capital make up the tangible assets allocated by entrepreneurs in the production of all products and service. Meanwhile, Social Capital, Creative Capital, and Intellectual Capital of people and communities are called intangible assets. As soon as you leave the Corporation, this condition reverses. What if the new generation of corporations were built on this reversal?
The knowledge inventory is the most important part of Social Capitalism. It is also the only piece that will require everyone to think substantially differently about how we are organized in communities. Once we can get over that hurdle – it’s smooth sailing into the next economic paradigm.
Social Capitalism is where factors of production in an economy are purely human and technological and less structural:. Specifically, social capital, creative capital, and intellectual capital deployed outside the construct of the prevailing corporations or governments.
The next great leap in Social Media will happen when people reorganize themselves in an external knowledge inventory, outside of corporations, and segmented in high granularity of knowledge assets in close proximity to each other. Entrepreneurs can then assemble people in unique, efficient, and productive ways. People will then build things for profit using a new currency – a new social currency.
Take note that debt can reach infinity but austerity measures can only reach zero … you can do the math on a postage stamp. If there ever was a need for a secret weapon, it is now.
I recently received an email from a major on-line publication collecting “Letters To The Gulf”. I wondered, What would the Gulf Say to Us? That question sounded familiar so I dug through some old video tapes looking for that long-lost club gig from my days in the Hollywood Rock Band Circuit back in the Late [...]
Now, look at it the other way around. Suppose that you have a perfectly good financial system and you remove all of the people, does the financial system fall apart? Ridiculously, 100% yes it will fail, who will use money it if there is nobody here? The cows? Duh.
I have yet to see anyone of any importance in the social-media-guru-camp who has identified the inherent dichotomy between social currency and financial currency that rages all around us. No, seriously; every financial action is balanced by an equal and opposite social reaction. It’s a balance sheet of the balance sheets.
BP underestimated the social liability [...]