The Web continues to transform the way humankind communicates and builds our world. At the heart of most of these endeavors is the exchange of value. Gifts, attention, and payments each play a role in the ecosystem that we call the economy. Until now, there has been no open and universal way of sending and receiving payments on the Web through your browser. This is why you still have to reach for your credit card or log into a payment site when purchasing something over the Web. There is a better way.
The idealistic notion under consideration in San Francisco, sometimes called “participatory budgeting,” hands decision-making power for budgets to the residents of neighborhoods and whole cities.
If the process works as it did for the 49th Ward of Chicago, where the nation’s first participatory budgeting effort began in 2009, San Francisco neighborhoods could expect some big changes. When allowed to vote directly on spending, ward residents in Chicago shifted more than $1 million from a few costly maintenance projects, such as street resurfacing, lighting and sidewalk repairs, to an array of projects aimed at literally reshaping the community. They built bike lanes and racks, a dog park, a garden, underpass murals and beach showers.
Generosity goes against the grain of survival of the fittest—seen as maladaptive by biologists and irrational by economists—but a new study, published in the journal Proceedings of the National Academy of Sciences, finds that the act of generosity—acting to help others in the absence of foreseeable gains—is a natural evolution of cooperation.
“Local ownership matters in important ways,” says Stephan Goetz, professor of agricultural and regional economics at Penn State. “Smaller, locally owned businesses, it turns out, provide higher, long-term economic growth.”
Each generation takes those aspects of its parent culture that resonate and extends them in new ways. It will reverse those aspects of the parent culture that no longer suit that new generation’s sentiments; the traits and qualities that do not feel right. Often, the changes come as pendulum swings: conservatism begets adventure; focus on the community begets a focus on the individual; religiosity begets atheism or non-religious spirituality. At other times, the changes come as flourishes and natural extensions to the parent values or ideas. So human rights extended first to male peasants of the dominate race, then to women, and to those of all races; finally, in our times we are starting to see them extend to LGBT people who have been persecuted because of their non-standard sexual identities and preferences.
If we are to have any hope of understanding emerging economic relationships, we must begin defining them in terms of what they are, rather than what they are not. Here is my attempt…call it public version: 1.0 (private version: countless).
The ZERI Foundation serves as an antenna in the world economy identifying the high growth industries of the next decade. When there is a crisis, many businesses suffer, but some thrive. Which are the ones that are the job providers of the future? Which are the technologies that will change the business models? With contacts on four continents, with over 50 projects that have demonstrated over the past 15 years where the opportunities are, ZERI offers insights to government on which sectors to attract, to companies which market niches to focus on, and to communities how to secure the continued build-up of social capital.
Economy 1.0 was based on direct trade in goods, and this had been the prevailing systems for 1 to 1 ½ million years. Economy 2.0 is connected with money; trade in goods via an interim token that contains their value. This includes positive interest, paper money, but also money with negative interest...
Business bloggers at Harvard Business Review discuss a variety of business topics including managing people, innovation, leadership, and more.
I believe we stand on the cusp of a great turning point in human exchange: a quantum leap from opulence to eudaimonia. A shift from the pursuit of more, bigger, faster, cheaper, nastier, to the pursuit of lives lived meaningfully well. The catch is: we're not taking it yet. And as long as we continue failing to make this transition, then this pretty much is the no-future future, for the simple reason that opulence is a bit like buying a broken down jalopy to embark on a quest across the Gobi: it's cheap to buy, but in real terms, it probably costs too much, delivers too little, blows up too often, has an awfully bumpy ride, gets mired down in every little sand dune, and hence simply isn't capable of getting you to where you want to go.
Featureteaser: Humanity is only beginning to awaken to the true magnitude of the crisis at hand. If the economic transformation I describe seems miraculous, that is because nothing less than a miracle is needed to heal our world.
This guy really understands entrepreneurship, what it means to create a cooperative enterprise, what making a living for yourself in community is all about. His is incredibly important work, and there aren't enough people doing it.
This is what we need to learn and to do to create a real, new economy as the hollowed-out, bankrupt, oligarchic corpocratic industrial economy collapses. It's hands-on, get in the trenches with people who are clueless and you may not even like, collaboration. It's not about profits or venture capital or innovation, it's about relearning how to make a living for yourself in community with others by finding out and then co-producing things that meet real human needs that they can't get anywhere else.
It's about falling in love with your community to the point that working to do things that make the community better, responsibly and sustainably, brings you incredible joy, and becomes all you want to do, the realization of what you were meant to do. Working with others, not for others, and never trying to do things alone. No "customers", "suppliers", "employees", "employers", or "investors", just a bunch of people who care about making things better for their community, working together generously to figure out what's needed and how to get it done, and trusting that when they succeed in meeting the community's needs, what they need will get looked after in return.
Freedom is a key element by which people succeed and specialize in what they do best. A violation of this essential value can create serious problems within a society, especially when the government is the principal transgressor. In this video, Kevin Lyons develops a legal strategy for the establishment of free cities, using international law and arbitration techniques as resources, in order to expand options for this social experiment. He also speaks about the possible locations for these cities and explains their internal logic, which focuses on allowing freedom of choice and the free development of individuals.
Successful businesspeople are often attributed somewhat mystical talents, such as the ability to mesmerize an audience or envision the future. We suggest that this mystique—the way some managers are perceived by observers—arises from the intuitive logic that psychologists and anthropologists call magical thinking.