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People’s Economics – Personal Development

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A world which depends on technology is a world which depends on skills. The word technology literally means “the study of skill,” and the acquisition of new skills defines a developing economy. There can be little doubt that the skills and ability to implement new products, processes, or systems is what will continue to define a technology driven world.

This is a matter of people, not money. It is at the core of what People’s Economics, the process of increasing the value of the greatest resource of any nation on earth – the drive, skills, and connections of its people.  It is the second of the Five Points which define People’s Economics.

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People’s Economics – Five Points & Problems

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While there is little doubt that rapid change in technology and connection is putting a strain on the world, the path forward is far from clear. Many people want to move backwards, at least in connection, and place barriers between people.

That impulse is understandable. History shows us, however, that the world has nearly always moved forward in learning,skill, and connection. A look backwards is a look at the ghosts of the past staring straight back at us, their future. They saw progress as a way to a better life.

There are problems to solve, however. People’s Economics is based on finding people based solutions for a better life to these problems. And so the Five Points can be described in terms of the reasons for anxiety about the future that is racing towards us.

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People’s Economics – The Definition

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Futurists and economists often spend a lot of time contemplating the systems and hardware of the world unfolding around us. The promises of the information age, quantum computing, Industry 4.0, and many other well laid plans are expounded on at great length by enthusiasts with imagination. Yet in all of this, there is something usually missing, something incredibly important:

How is the world that is coming going to work for people? How will it help us all have a better life?

We can see fractures already. Economic systems which bring prosperity do so at a large cost in nature and workers. Families are under strain from changing times, yes, but largely due to demands for more and more work at greater distances. Automation takes away much of that work, bringing more misery than comfort. And the prophesy of abundance is a chimera.

Correcting this is what People’s Economics is all about.

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Fairness or Fairy Tale?

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It’s been a bizzy week.  This repeat from ten years ago deals with a topic that has become a central issue in People’s Economics – fairness.  This first treatment of the topic wasn’t very helpful.  But it’s an interesting starting point.

Fairness is an important concept in this thing we call Civilization. If we all lived as hunters and gatherers on the grasslands, we wouldn’t have a lot of interaction with large groups of people. The inevitable disputes that arise could be settled by a simple code or the intervention of an elder.

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People’s Economics, the Fundraiser

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If you ask any entrepreneur or innovator what is the most important resource to get a new project off the ground, they’ll probably tell you it’s getting the right people. Making something new and making a good buck off of it requires talent, the skills which pay the bills. Have the right team in place and the money will follow.

This is a big part of what is meant by People’s Economics, or the economy of people. What often limits us in a technology driven world is the techne, the skills necessary to make something happen.

That’s where People’s Economics is today. Help prove the point by donating to a GoFundMe project dedicated to getting the book People’s Economics written by the end of the summer!

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