Everyone knows what money is supposed to be – it is supposed to be a representation of human productivity, otherwise nobody would “work” for it, right?
It is also fairly obvious that money is not the only thing that represents human productivity. People work for family, community, reputation, love, recreation, art, music, etc. These values are denominated in social currencies.
Working for Social Currency
Market Capitalism has deftly turned social currencies into consumption verticals. People consume recreation products, family products, community products, reputation products, etc. The irony is that people are foregoing all those things to drive off to work in order to earn the money so that they can buy back their family, recreation, and community. People are “working” for social currencies denominated in dollars. The Mantra of Madison Avenue is to “Steal the thing that people love about themselves and sell it back for the price of the product”
Well known internet celebrities are getting sponsorships from some well known corporations – but not all. The reason is clear – these people have the ability to influence the opinions and interactions of their community. However, if the sponsor has a terrible product, that same influence can turn against the brand and the influencer in an amplified manner. It is clearly in the brand’s best interest to match the product with the message of the influencer and vice versa.
Everyone is an influencer within their own knowledge inventory
A mechanical engineer can influence the professional community of engineers. A math teacher can influence students. A police officer can influence citizens. A patriarch can influence an extended family. A big brother can influence a little sister. Taken together and segmented across a hugely diverse knowledge inventory of human civilization, everyone is an influencer of everyone else.
Printing Social Currency
So instead of going to work to to earn money, people could just as easily go into their community to earn influence. Brands can sponsor people based on their knowledge inventory to use, share, organize, and improve communities and products. The most successful product will be those that help people to improve their communities. As such, brands and products will likewise benefit from stronger and unified communities. Products that weaken, marginalize, oppress, or isolate people from their communities will fail.
The Invisible Hands of Social Capitalism
Nothing economic can happen until people get together to build something. Strong linked communities will get together to build “economic” things. What they choose to build will become the value generation mechanisms of the future economy that will transform social value back into financial value. Like Adam Smith’s invisible hand of Market Capitalism, the Invisible Hands of Social Capitalism will reward people for organizing themselves to make what they enjoy most and are naturally talented in producing. We’ll call them “Recorporations“.