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Learn more at Singularityu.org In this video, Ramez Naam summarizes the pain points his new book 'The Infinite Resource' addresses. For the full lecture, bec... Via FastTFriend 
FastTFriend's curator insight,
March 7, 3:25 AM
In this remarkable book, Ramez Naam charts a course to supercharge innovation -- by changing the rules of our economy -- that will lead the whole world to greater wealth and human well-being, even as we dodge looming resource crunches and reduce our impact on the planet. Delete the scoop?
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1) Embrace the Swarm. As power flows away from the center, the competitive advantage belongs to those who learn how to embrace decentralized points of control.
2) Increasing Returns. As the number of connections between people and things add up, the consequences of those connections multiply out even faster, so that initial successes aren't self-limiting, but self-feeding.
3) Plentitude, Not Scarcity. As manufacturing techniques perfect the art of making copies plentiful, value is carried by abundance, rather than scarcity, inverting traditional business propositions.
4) Follow the Free. As resource scarcity gives way to abundance, generosity begets wealth. Following the free rehearses the inevitable fall of prices, and takes advantage of the only true scarcity: human attention.