by Dan Robles on November 23, 2010
The Ingenesist Project is dedicated to the development of an alternate economy built on a platform of Social Media.
The following video series provides specification of Social Capitalism as a modern social system distinct from Market Capitalism.
[click to continue…]
by Dan Robles on May 17, 2012
- There is a tiny flaw in Market Capitalism that can be easily corrected
- Technological change must always precede economic growth; we are going about the process of globalization as if economic growth can precede technological change. We got it upside down, that’s all.
- Anything that can be made by allocating scarce land, labor, and financial capital can also be made by allocating abundant social, creative, and intellectual capital.
- For every dollar of tangible value, there is at least 100 dollars worth of ’intangible’ value that is really just ‘invisible’.
- The global debt is trivial in comparison to the invisible value that exists with no accounting system to represent it.
- There should be no economic incentive for anyone to make anything other than what they are most talented, interested, and passionate about.
- Nobody knows everything.
- Everybody knows something they can teach any other person.
- Students, by definition, hold an equity position in their teachers.
- Therefore, teachers should hold an equity position in their students – this will fix a lot of things.
- Nothing economic happens until two or more people get together and build something.
- There is a perfectly legitimate market for everyone.
- A new currency will be the last thing that happens, not the first.
- You can’t eat Gold
- Information is proportional to the rate of change of data with respect to time.
- Knowledge is proportional to the rate of change of information with respect to time.
- Innovation is proportional to the rate of change of knowledge with respect to time.
- Wisdom is proportional to the rate of change of innovation with respect to time.
- If you want to create wisdom, go increase the rate of change of innovation. If you want to create innovation, go increase the rate of change of knowledge, etc. Now, flip over the series 15-18 above. See, you’ll do just fine.
- Money represents past, present, or future productivity – otherwise nobody would work for it (think about that ).
- Therefore, a currency backed by debt and a currency backed by innovation would become the mother of all hedge funds.
- Securitization is a miracle of scale if done correctly, a disaster of scale if not
- Time is the only valid basis of a currency.
- My singular objective and greatest aspiration is to make “intangible” value tangible. I am confident that my children – and yours – will know what to do next.
