With a framework for understanding the potential impact of anything new, based on its ability to connect things previously not connected, we have a tool to evaluate new ideas even before they are put into practice. Indeed, understanding the order of magnitude of the potential impact tells us a lot about how difficult any new idea is going to be to implement.
Note that this has nothing to do with market potential, although they could be related. Ideas often circulate with no ability to monetize them, and some inventions are worth quite a lot without really changing too much in the world.
Using the Syndesic Framework as describe previously, we can at least understand what new things are going to change the world the most and through that have an understanding of where a free and open society needs to focus its thinking, discussion, and passion. So let’s give that a try.
A high technology world is a world fundamentally based on trust. The lack of this is currently the single largest issue, defining politics within and without national borders.
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.
One year into the Trump administration, and we have a lot to be thankful for. Yes, it’s true, it’s always good to warm up the crowd by opening with a joke. But seriously folks, is it possible to even look back and imagine a normal presidency at this point?
Everything has forever changed in the United States as a result of Trump, or more to the point everything is going to have to change. This should sound like good news to a nation that never looks back but it means there will be a lot of work ahead undoing the damage when the time comes. As we wait for that opportunity, this might be a good time to imagine how things can or should be different.
Let’s imagine a happy place for a moment with a functioning government and a universe of possibilities …
This post from 2013 is still very relevant.
What does the future hold? The job is often left to Futurists, which is nice work if you can get it. Then again, we still don’t really have flying cars, do we? It’s always hard to predict just what will happen as technologies advance, and by that I mean a lot more than just information technology. There’s still a lot to be done with advanced materials, machining, finance, and other more mundane things.
We have determined in Barataria that as the world’s population grows richer, more uniformly, working age populations are going to stabilize and even decline in the next two decades. That means that future growth will come not from more workers but from new technologies. That puts pressure on the Futurists, for sure, but it puts even more pressure on the delicate art of managing innovation – the process of rendering a bit of magic into practical use. It’s a topic worth exploring.
You might be forgiven for thinking the World Economic Forum (WEF) is not something you’d be interested in. After all, the annual event better known as “Davos” for its posh ski resort location is not a gathering you were invited to. It’s strictly for the top economic leaders of the world, aka, “The 0.00001%”.
While it may seem reasonable that this is where the great conspiracies to defraud and enslave the masses are hatched, it isn’t. The agenda and discussion is much more like what you’d hear at a Bernie Sanders rally than you might expect. This year’s topic is “The Fourth Industrial Revolution” and there is far less concern about making it happen than the nasty side effects when it does go down – leaving behind billions of starving people and a ruined planet.
When is the value of something not its true value? When you’re adding up Gross Domestic Product (GDP) of course. That may sound ridiculous, given that the rise and occasional fall of GDP is the yardstick by which we measure how we’re doin’ as an economy. Isn’t it just the sum total of all the goods and services that we produce?
The short answer is “no”, but the long answer is “yes”. It depends a lot on what you mean by “goods” or “service” or “produce”. If that sounds like a huge amount of fudge for something so important, you may want to just enjoy the chocolate induced coma for a bit. Because some goods, like computers and software, have been falling in price but increasing in potential and quality dramatically for a while. Hardware is “hedonically adjusted” to take care of this, but software isn’t. And that difference might be extremely important.