Think Bigger. Aim Higher. Go Further.

Tag: new economy

The Scaffolding of the New Economy

Nobody cares if the congress implodes. People care about the institutions that keep the water clean, lights on, food fresh, streets safe, children educated,  medical services delivered, etc.

Institutions are run by people and there is no practical benefit of government when their primary role is to abolish the institutions that people depend on.  In effect, they abolish themselves.

For the last 5 years, since the 2008 train wreck, tens of thousands of start-ups and social media ventures have arisen in direct response to institutional failures.

  • When people don’t like where their taxes are spent, they reallocate their contributions elsewhere 
  • When education funding gets slashed, new forms of education emerge.  
  • When a currency inflates too fast, new forms on non-inflatable currency are deployed.  
  • When corporation reject their social charter, new forms of production systems are created. 
  • When jobs disappear, people reallocate their knowledge assets elsewhere 
  • When the law favors the few, new justice emerge

…and it goes on and on…

Today, we have constructed a scaffolding and everyone is laying their innovations and social apps and collaboration tools on he scaffolding.  When the output of one app becomes the input of another app, and so on, the new economy will integrate sufficiently to effectively bypass the governmental institution that is failing within it.  At that point, a new economy will emerge.

The following list of social platforms was compiled by Bert-Ola Bergstrand from Social Capital Forum in this document. From my experience and observation – there must be millions of people across the globe thinking along these lines.  People who would respond to a new way of organizing if a complete system were to emerge – or if the old system were to slowly evaporate.

TRY THIS: Please take a look through his list and visit several sites randomly and see what pops up. Now, try to envision the integration that I described above where the output of one platform becomes the input of the next platform, and so on.  This is how the future will arrive.  This is the next step that we must take together – integrate.

http://www.ogunte.com (women focused)
http://www.socentix.com
http://www.volans.com/volans/
http://www.tallbergfoundation.org/
http://solabs.org/
http://www.hubbayarea.com
http://www.ideasproject.com/index.jspa
http://www.unconvention.co.in/
http://www.facebook.com/pages/Social-Bancorp/183421055082853
http://groaction.com/
http://www.facebook.com/pages/GroAction/215195255184778?sk=app_208195102528120
http://www.joyliving.net
http://www.biomen.org
http://the-hub.net/
http://www.williamjamesfoundation.org
https://www.facebook.com/pages/Call-to-Change/159881987362799
http://www.sitawi.com.br
http://www.globalgiving.org/projects/sitawi-loan-fund-for-social-enterprises-in-brazil
http://www.socialcapitalmarkets.net
http://w1sd0m.net
http://www.globalsustainabilityjam.org/
http://www.globalservicejam.org/
http://www.openworld.com/
http://factory.makesense.org/comingsoon
http://www.mygoodact.com/
http://www.makinglocalfoodwork.co.uk
http://thefinancelab.ning.com/
http://mindtimemaps.com
http://mindtime.com
http://www.wecreate.cc/
http://collabcafewelly.tumblr.com
http://nationbuilder.com/
http://wwww.socialenterpriseeurope.co.uk/
http://techaloo.com/
http://www.socialenterprise-chicago.org
http://www.facebook.com/ecoNVERGE
http://www.facebook.com/CAPix-Asia
www.relayfoundation.org
www.opencsr.com
http://www.goodfornothing.com/about/
http://www.linkedin.com/groups/Social-business-Benefit-corporations-80184?gid=80184&trk=hb_side_g
http://www.opportunejobs.com
http://www.p-ced.com
http://www.seeditproject.com/
http://www.facebook.com/BluePlanetLife
http://www.youtube.com/TheRationalFuture
http://www.i-open.org/
http://2le.ad/
http://www.co-society.com/about/our-story/
http://www.kennisland.nl/en/
http://bundlr.com/b/education3
http://incentivize.us/
http://p2pfoundation.net/
http://www.sensorica.co/
https://www.facebook.com/YouthOpportunitiesNews
http://www.facebook.com/Nationalyoungwomenscouncil1/info
http://www.jci.cc/guests/
http://www.harva.co.in/
http://www.gramweb.net/
http://solucionesverdes.co/
http://www.dreamacademia.at/
http://www.collectiveself.com/frequently-asked-questions/what-is-a-friendship-incubator/
http://www.blue-planet-life.org/en/welcome
http://www.facebook.com/AfricaIZWI
http://globalimpactcollective.org/
http://www.leadersinstitute.com.au/aspx/home.aspx
http://www.rehan.com/
http://www.idec2013.org/ (International Democratic Education Conference)
http://www.mediapoint.md/
http://greensmyles.com/
http://www.bagosphere.com/
http://shapeshifters.net/
http://portal.educar.org/
http://www.coffeeshopgurus.com/ (Social Enterprise promoting Youth & Women Entrepreneurship. Franchise/ License Available)
http://www.communityled.co.za/
http://www.lgtvp.com/
http://www.azimpremjifoundation.org/ http://www.facebook.com/groups/smallisgreat/ http://www.facebook.com/groups/sosialentreprenor/
http://dreamups.org/
http://producism.org/
http://metacurrency.org/
http://www.ingenesist.com/
http://p2pfoundation.net/
http://www.arthaplatform.com/
http://www.facebook.com/pages/Common-Unity-Project/407636092606114?sk=info
http://www.eq-cap.com/
http://www.livingmandala.com/Living_Mandala/Living_Mandala
http://maximpact.com/
http://www.mindmeister.com/190131707/living-bridges-planet
http://reconomy.net/
http://www.akhuwat.org.pk/
https://www.coursera.org/
http://www.iachievegroup.com/
http://pashafund.com/
http://dreamups.org/
http://www.innovativepeople.eu/
http://www.fsg.org/
http://www.giftingprosperity.com/
http://trap.it/2cLMAE
http://about.me/reachscale.com
http://www.thecitizensmedia.com/
http://wechangeworlds.com/
http://www.coolmeia.org/
http://www.molequedeideias.net/
http://www.silo.is/3×11/
http://www.cloud9startups.com/
http://www.facebook.com/SliceBiz
http://iluvmyplanet.com/press
http://www.buckybox.com/
http://www.societal-innovation.org/
http://createachangenow.org/
http://defindia.net/
http://thealternative.in/
http://www.dreamitventures.com/
http://www.svx.ca/
http://www.techpear.com/

Movements/Social Change
http://jellyweek.tumblr.com/
http://funkybusinessberlin.de/index_en
http://www.facebook.com/pages/Call-to-Change/159881987362799
http://www.uterus-myomatosus.net
http://www.WishesWell.com/invite
http://www.bankofideas.org.uk/
http://beyondsustainabilitymag.net/
http://socialforesight.net
http://thesociallab.dk/
http://www.jci.cc/guests/
http://scwf12.wordpress.com/activities/
https://www.facebook.com/groups/219724974712886/ (presente! – education)
http://www.yesworld.org/
http://seedfreedom.in/
http://www.facebook.com/pages/YUVA-Foundation/159965244127954
http://www.partnershipforchange.net/
http://www.icaf.org/ (the arts for the development of creativity and empathy)http://www.facebook.com/ICAF.org
http://www.thinkimpact.com/
http://changeinc.tigweb.org/
http://www.sekem.com/
http://www.peers.org/
http://www.greenpag.es/
http://www.youtube.com/watch?v=zS1WCyEJV3U&feature=youtu.be

 

Social Ventures/Social Enterprise/Social Business/

Here is a list of 200+ that the William James Foundation has worked with:

http://williamjamesfoundation.org/index.cfm?fuseaction=Page.viewPage&pageId=607
http://www.youcancook.org.uk/
http://www.solucionesverdes.org/
http://backpackfarm.com/
http://www.openworldcafe.com/
http://www.joyliving.no/
http://www.biomen.no/
http://www.wessociety.com/
http://www.idea.com.gr/ and http://www.idea.com.gr/i_landing_page
http://openworldvillages.ning.com/
http://globaler-wandel.blogspot.com/2011/11/barcamp-how-internet-changes-our
https://www.facebook.com/pages/Call-to-Change/159881987362799
http://www.betterworldbooks.com
http://www.makechange.tv/
http://w1sd0m.net
https://www.facebook.com/pages/W1SD0M/170262242214
http://www.treeswaterpeople.org/
http://www.intolife.no/
http://www.terracycle.net/en-US/
http://www.socentlab.com/
http://www.buckybox.com/
http://www.firstpowercanada.ca/
http://www.enspiral.com
http://www.purpose.com
http://www.luontoportti.com/suomi/en/
http://www.facebook.com/eco-sTrEAMs (@ eco-sTrEAMs)
http://www.facebook.com/eco.ViVaCity (@ eco-ViVaCity)
http://www.facebook.com/eco.Nable (@ eco-Nable)
http://www.facebook.com/groups/econologics/ (@ ECONOLOGICS – Incisive
http://www.digitalgreen.org/farmerbook/
 

Knowledge Converged!)

http://www.veggbox.appspot.com/
http://ideasociety.com/
http://www.tryggapengarimobilen.se/
http://www.advancednrgsolutions.com/
http://www.p-ced.com
http://www.facebook.com/pages/Aangan/176857645688413
http://www.youtube.com/watch?v=Mwi4d4mCUNk&feature=youtu.be http://www.mothercourage.no/
http://www.openideo.com/
http://www.laplandvuollerim.se/

 

Funds/Financing

http://www.goodcap.net/
http://www.bonventure.de/en/home (only German speaking regions)
http://www.vilcap.com village capital seed funding network for socent
http://www.toniic.com global impact investment angel network
http://hubventures.hubbayarea.com/ seed funding for socent in the SF Bay area
http://w1sd0m.net search 400 institutional impact investors
http://www.slowmoney.com
http://inventure.no/
http://www.fordfoundation.org/Grants/
http://www.soros.org
http://www.asef.org Asia-Europe FOundation

 

Inspiration/Strategy etc.

http://www.blueoceanstrategy.com/ making competition irrelevant
http://foundups.com/ FOUNDUPS® Open Startup – Changing the World Together.
http://100startup.com/tour/ Build a Startup with 100$, keep it lean
http://steveblank.com/ – Steve Blank is a teacher for entrepreneurship
http://projectofhow.com/ – Open library of creative methods.
http://www.cultural-entrepreneurship-institute.de/en/ – Theoretical Wisdom for the Global Society
http://www.respectserendipity.com – Serendipity as the ultimate source of inspiration
http://www.differentworkbook.com – Stories of people who deeply love their work & changing what work looks and feels like
http://www.differentoffice.com – Stories of self-created, soul-satisfying work spaces

 

Inspirational blogs

http://www.sadanamkaur.es/en/programs/excellence-in-learning
http://goodgeneration.org/
http://www.asmundseip.com/
http://truemaisha.blogspot.se/?spref=fb
http://hildygottlieb.com/
http://vicdesotelle.com/blog/
http://sharedtracks.wordpress.com/

 

Text/Knowledge/Books

http://en.wikipedia.org/wiki/Impact_investing
http://www.facebook.com/piceberlin – spreading knowledge for cultural return
http://apps.americanbar.org/abastore/index.cfm?pid=1620439&section=main&fm=Product.AddToCart – Social Enterprise: Empowering Mission-Driven Entrepreneurs

The New Economy Movement

The following 7 minute talk was presented at the Innotribe Sessions at SIBOS 2011 conference in Toronto Canada.

Here I identify a serious omission in our form of economics which may  inhibit the ability for currency to represent the things that people do and make. I also introduce how a new class of financial instruments could re-connect currency with productivity thereby reintroducing vast amounts of value into the tradable asset (currency) pool.

What if the solution to the great complexity of economic collapse is actually fairly simple – and we don’t find it?  What if the new economy is going to happen whether we want it to or not – and we are not prepared?  What if the tipping point to the New Economy is already past – and we are not in the game?

The only ones to blame would be ourselves for not building the obvious.

A Radical Twist on Crowd Computing

Social Flights is a Value Game. The objective is for communities to fill a private jet in both directions in order to achieve the best economics. This may be achieved through creative Game Mechanics where travelers, aircraft operators, tourism and hospitality vendors, and municipalities interact in their mutual best interest to perform a calculation in a radical twist on the concept of Crowd Computing.

But what if communities could organize themselves using their own data? This would introduce a great deal of innovation in order to solve a calculation that is otherwise performed by capital infrastructure such as structures, corporations, government, or in the case of Social Flights, a vast hub airport.

The Value Game is designed to be gamed by entrepreneurs where “True Value” is created through collaboration rather than competition.  

If Social Flights can create a game where people share an airplanes, imagine that the same game can be played with any shared asset from cars, education, health care, food production, and even public infrastructure.  Communities may perform the “calculations of economics” much like how traditional tribes allocate resources.  Enterprise lacking in “socially redeeming value”,  by definition, will fail.

So exactly how powerful are tribes?

As we all seen this year alone in the Internet Age, Social Currency can and does directly challenge dictators, militaries, financial systems, and governments across the globe.  People are performing Crowd Calculations – communities are Crowd Computing.  These ideas and many more will be highlighted by Innotribe at SIBOS 2011

Let me offer an analogy:      

The economy that is denominated by Money, is a system built on 5 pillars that are perform the calculations of finance and economics.  The pillars are integrated to support a financial system. These pillars are: a currency, an accounting system, vetting institutions, entrepreneurs, and consumers.

If any one of these pillars is broken, corrupted, oppressed or otherwise fails, the entire system falters. Enron presented a failure in the accounting profession. The mortgage crisis was the failure of the vetting mechanisms. Corrupt legal systems suppress entrepreneurs. Now the debt crisis is threatening the currency pillar.  The currency crisis will threaten the consumer.

Suppose that these five old economic pillars could be duplicated in a some different way and then integrated to form an alternate system for performing the same calculations.   It is no coincidence that many of the sessions at SIBOS2011/Innotribe correspond to the five pillars of such an economy.

Entrepreneurs: Social Data and Cooperation, Corporate Cultures 

Vetting mechanisms:  Banks for a better world

Accounting system; Big Data

Consumers: Digital Identity

Currency; Future of Money

Imagine this, if the organizations at Innotribe were to integrate to create a new economy that is only slightly more efficient the old system, they may become the mother of all hedge funds. Remember the dictator caught without social currency?  At least half the money in the world will convert, capitalize, and securitize in social currency.  We may not be that far off from that day.

The New Economies Track at SIBOS2011/Innotribe features the people and projects that are at the forefront of “The Big Integration” where the five pillars of a new economic system will integrate themselves to form a new economy to replace the old.  It all starts with entrepreneurs such as those featured at Innotribe 2011 trying to figure out new ways to integrate the five pillars of a new economy.

Another Opportunity To Observe Social Currency

(I am sitting on a panel at SIBOS 2011 in Toronto Sept 19-21st speaking on the subject of New Economies – this post represents the angle that I take on the subject)

With images of people rushing into the Libyan dictator’s compound like the current from a great tsunami reshaping the landscape in a matter of minutes, I reflect on the obvious metaphor.  A quick Google search on “Social Current” reveals almost nothing – except “Social Issues and Current Events”.  Well, close, but not quite…

I hate to break the news to folks but Social Current and Social Currency are the exact same thing.

For example, the ex-Egyptian President had plenty of money and plenty of oil, and plenty of guns  – all the markings of wealth and power.  Yet he was challenged and defeated by Social Currency. If there were a strict market driven conversion factor for Egyptian Social Currency, it would probably comp out at around 100 Billion dollars. So there is a conversion factor in case anyone is interested.

Will the real economy please stand up

Anyone who does not believe that social currency exists today and is actively traded, stored, and exchanged in quantities far greater than financial currency, is looking in the wrong end of their binoculars.  In fact, I would go so far as to say that the economy denominated in social currency is far greater than the economy denominated in financial currency.

Dollar spelled backwards is….

In the past, I have used the word “Rallod” as a placeholder for all VALUE that is NOT directly articulated with Dollars.  In fact, we could say that the Sun delivers Rallods to planet Earth and humans harvest what are called “natural resources” which are then converted to Dollars for storage, trade, and exchange.  The problem is that Rallods don’t have a financial “system” of their own. Rallods have been invisible – until now.

Money can’t buy me Love…

Not to get too fluffy here, but try to produce an airplane, a sandwich, or a surgical procedure without intellect, creativity, compassion, empathy, ethics, social values, or community awareness.  None of these things show up on the typical Wall Street Financial report balance sheet.  However, the absence of these things can quickly shows up in the liabilities column when confronted by social current.

Syria is in the midst of a social currency conversion process as are Greece, Tunisia, London, Israel, and France, etc.  Not to mention Yemen, China, Iran, and quite notably, the United States.

The Challenge then is to articulate ALL value in an economic system.

I believe this to be the genesis of the next economy.  I can also say with quite a bit of optimism, that it is well underway, we have past the point of no return, it’s a done deal, we are all interchanging Rallods and Dollars every day.

People are learning how to store, and exchange Rallods.  They really are – in fact, that’s where the majority of innovation in the world is occurring today.

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New economies
Is money the only form of transaction value and wealth? What about social currencies? We will expose you to new thinking on new economies such as the trust economy, the intention economy, the relationship economy, the social economy and the ethical economy.

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