wealth

A Better Way To Occupy Wall Street

by Dan Robles on October 10, 2011

What if I told you that we could occupy Wall Street without actually camping out there?  In case you have not noticed, Wall Street occupies your house without you ever seeing any suits milling around your driveway.  So what’s the plan?

In the Age of The Internet, redistribution of wealth should not be a very difficult thing to do, yet the approach is surprisingly low-tech.  Just look at the pictures; if this is going to be our approach, then we’re in deep trouble.

Here’s the trick. Wall Street is built on a foundation where the factors of production are land, labor, and capital.  All we need to do is shift the factors of production to something else. We don’t actually need to shift Wall Street, we need to shift ourselves.

The reality is that the today’s economy is built on social, creative, and intellectual factors of production – these are the factors of production of that so-called 99% of the value of our economy.  It’s a knowledge economy, remember?

Now, notice how land and labor are constrained by geography, property laws, political districts, and “national borders”. Also notice that the accounting system (capital) is as anonymous as possible, if not shrouded in secrecy.  Do you remember how Steve Jobs told us that it’s OK to copy good ideas?

First, we need to build a knowledge inventory of all the useful stuff in our brains and integrated by geographic proximity so we all can find each other.  This is how we’ll mimic land and labor.  Next, the knowledge inventory must be anonymous until the point of transaction – this is not for privacy concerns, rather, we need to do this to create scarcity (nothing personal, Zuck).  This is how we mimic “capital”.

At the end of the day, your knowledge inventory is your personal API - you create your own value and integrate with others or withhold it as you wish…just like Wall Street. Of course, everyone would then need to become a corporation so that we can pay our fair share of taxes (but not a penny more). That’s code for “too big to fail”.

Have you forgotten about Wall Street yet?  If so, it’s not too early to coin the term APIcracy.

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Is Freedom A New Economic Paradigm?

by Dan Robles on December 10, 2009

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(Editor’s note: The following was initially published on our sister blog conversationalcurrency.com.  The point of this an other articles is to remove one component from an economy and see what happens to the other pieces.  It is s common hypothesis testing technique.  I hope you enjoy it)

A New Economic System of the country of Montenegro is based on complete and unfettered economic freedom; in other words, the elimination of all barriers to conducting business.  Does this, in fact, lead to a new paradigm?

Veselin Vukotić ‘s paper titled Economic Freedom and New Economic Paradigm, offers a case study that enlightens us as to some of the core changes, some easy and some difficult, that any proclaimed ‘new economic paradigm’ would place on people, culture, politics, and the markets.  From this insight, perhaps we’ll see a new paradigm emerge.

Freedom; A competitive Advantage

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Palinism; It’s About The Ice, Not The Puck

November 24, 2009

No matter whether you like her or not, you can’t help but feel something for her. The Cinderella launch into worldwide stage, full public disclosure of her laundry room, dumped at the altar by the grizzled groom, sent back to Alaska with a scarlet letter (take your pick) tattooed on her forehead. Alas, the epiphany: God speaks to the persecuted one; “Rise Up and serve thy mission!”

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The Global Financial Crisis; The End Game

February 18, 2009

Likely the most optimistic projection of the future. This article predicts that social media will become the platform for an Innovation Economy.

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Social Media; An Alternate Universe of Wealth Creation

December 21, 2008

The trick is for society to organize itself in a slightly different way – this is where Social Media needs to position itself with the next generation of applications. If so, the business model for social media will become hugely important to an innovation economy – too important to fail.

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INGENESIST PROJECT: Submission to the 10^100

October 8, 2008

INGENESIST PROJECT: Submission to the 10^100 Innovation Contest; www.project10tothe100.com Single sentence: The Ingenesist Project is an open source economic development program to induce the Innovation Economy utilizing Social Networks. Tell us more (300 words) The current financial system has reached the limits of its effectiveness. Interest on debt has exceeded the system’s ability to pay [...]

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The Capitalization of Knowledge – The Virtuous Circle

September 18, 2008

We have set up a new game for entrepreneurs to play called Innovation Economics. We have defined a currency and an inventory where knowledge is visible outside the construct of the corporation – and resident in social networks. We have also described a way for entrepreneurs to visualize the knowledge asset and the supply and [...]

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