There is no knowledge inventory. There is no knowledge inventory. There is no knowledge inventory.
This is a stunning omission for a society that intends – no, a society whose future is irrevocably dependent on it’s ability to innovate it’s way out of inevitable monetary collapse.
America does not know what Americans knows. Entrepreneurs do not know what knowledge is available to them. Markets do not know the supply and demand of knowledge assets. The self-correcting magic of market capitalism is utterly unavailable if people and their knowledge assets are invisible.
- There is a story out of the past mayor (someone who performed their civic duty to run for elected office) of Bennett Colorado who is one eviction letter away from living in a Ford Explorer with her 4 dogs.
- Thousands of older Engineers are unemployed when Congress is crying for more Engineers. This is the reason why there are none – the career has been reduced to a lousy bet.
- Experience is knowledge, yet older workers also have a tougher time finding new jobs once they become unemployed. The average duration of unemployment for those age 55 and older is almost 30 weeks.
- About 38 percent of the older workers and 26 percent of the younger workers had been out of work for 27 or more weeks in June.
Our economy needs to be able to efficiently match knowledge surplus with knowledge deficit in order to produce things and educate each other. Diverse knowledge assets need to be combined in new and strategic ways. Knowledge assets need to be matched by proximity as well as innovation potential. Investors need to know the probability that a collection of knowledge assets can execute a business objective in order to decrease innovation risk.
Nothing can be accomplished without a knowledge inventory. We have empowered corporations to be the stewards of the US knowledge inventory and the associated innovation economy. Information, knowledge, and innovation act as a system. Without one of the pieces, you cannot have the other two. If we outsource the knowledge economy, we lose the innovation economy.
The great promise of Social Media is that the knowledge inventory becomes a public reference. People need to know what other people know so that they can build things.
Once you are outsourced – you become invisible. Who will be the next invisible person in your neighborhood?