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Global Wealth Inequality - What you never knew you never knew

The extreme truth about how wealth is divided globally. Inspired by the amazing "Wealth Inequality in America" video. Production Company: Grain Media www.gra...
Ferananda's insight:

 

We are in the midst of an Economic Re-evolution.  This means NEW RULES... 

 

Small video that gives a great facts about Global Wealth and invites us to create new rules.  New rules for an infinite game that works for the 100% of the planet. 

 

What do think this new rules are? 

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Glenn Cooley's comment, September 2, 2013 10:09 AM
I have watched many of these videos and it's important to realize that we need to look at all of the facts.

http://www.youtube.com/watch?feature=player_embedded&v=wcsvAT4JT-g
'Next Economy and Wealth'
Every paradigm shift has new rules, forms, patterns. Economy is the way we take care of our house (eco), create agreements, relate to value.
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P2P Foundation » Blog Archive » A political evaluation of bitcoin

Ferananda's insight:

Yes, this are the good and the bad of bitcoin.  

A window to the good: 


Apart from being a currency, the underlying universal ledger technology of Bitcoin has potential to usher in a new era of more easy self-organisation, by enabling the possibility of smart contracts and software-driven ‘distributed autonomous organisation, as expressed by initiatives like Ethereum, Common Accord, and the crypto-equity experiment of Swarm. Though these developments and possibilities are not without danger, and though most of the current enthusiasm is utopian and mostly based on hopes and just a few budding experiments, this technology is potentially a game changer by bringing down the transaction cost for self-organization. 

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Ecosystem Guide: The 12 Players of the Collaborative Economy | Web Strategy by Jeremiah Owyang | Digital Business - Linkis.com

Ecosystem Guide: The 12 Players of the Collaborative Economy | Web Strategy by Jeremiah Owyang | Digital Business - Linkis.com | 'Next Economy and Wealth' | Scoop.it
Ferananda's insight:

The players are very well explained. Providers, Partakers, Displaced, NGOs, platforms, investors, advocates, incumbent corporations, lobbists, governments, press and media, though leaders. 

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Improving Wellbeing Should Be Our Global Priority

Improving Wellbeing Should Be Our Global Priority | 'Next Economy and Wealth' | Scoop.it
People's daily experiences and concerns differ enormously around the world. While a farmer in Angola prays for a good harvest, a manager in Greece worries about losing her job. And while a mother in Egypt comes to terms with life in a conflict zone, ...
Ferananda's insight:

Interesting subject. Measure happiness as an essential part of a country well-being and let be that metric a  key driver in the design of our social systems.

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After Piketty, the ownership revolution | Al Jazeera America

After Piketty, the ownership revolution | Al Jazeera America | 'Next Economy and Wealth' | Scoop.it
Trend-altering change will take time, but potent forces are driving real-world efforts to democratize capital
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The future is not foregone

Take participatory ownership. Even as union membership has trended steadily downward, for instance, the number of people involved in worker-owned firms has increased, from 250,000 in 1975 to about 11 million working in more than 11,000 firms today. Add to this approximately 130 million Americans who are members of some form of co-op, another type of democratized ownership; this number is increasing daily just beneath the surface of what our hollowed-out local newspapers are able to report on. Credit unions — member-owned one-person, one-vote banks — control more than $1.1 trillion in assets, as much as those of some of Wall Street’s largest financial institutions.

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The Case Against Sharing — The Nib  — Medium

The Case Against Sharing — The Nib  — Medium | 'Next Economy and Wealth' | Scoop.it
On access, scarcity, and trust
Ferananda's insight:

New insights about 'The Sharing economy' and the social dynamics and patterns as well as the good and the ugly. 

 

A quote:

Sharing economy boosters repeatedly call the whole thing “empowering.” For them, it certainly is. And in some iterations, it can be for all of us. In its full scope, including barter and gift transactions and nonprofit collectives and cooperatives, the sharing economy is decidedly not all bad. Enabling peer to peer commercial interactions can save us time and money; it can lessen our impact on the planet. And it can also replicate old social and economic patterns and further degrade worker and consumer protections.

 
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5 Signs That The Collaborative Economy Is Going Through Puberty

5 Signs That The Collaborative Economy Is Going Through Puberty | 'Next Economy and Wealth' | Scoop.it
The collaborative economy is no longer a shiny new model of commerce, but rather in that awkward, in-between, adolescent stage .
Ferananda's insight:

I really appreciate the 5 signs that Lisa points to. Which are:

 

1. The voice has changed

People are choosing to share rather than own. Emerging forces from the bottom up. Cost reduction. Integrated value chains turning products into platforms. 

 

2. Peers are paramount

Collaborative economy hinges on the reputation and trust built between a set of peers. User-generated reputation which quantifie trust based on interactions within the community.

 

3. The elders get Fidgety

No more under the radar.  If the most recent surveys of cities prevail, the cities that first embrace change and create transit and income generation options will win favor with a growing breed of urban dwellers. Mexico is among them. 


4. Ecosystems are growing dense and diverse

As specific models and platforms gain market momentum, an entire ecosystem of commerce emerges. Secondary offerings validating the success of early brands.


5. Maturing brings power and responsibility

As the collaborative economy gains steam, it’s also gaining power, which can be measured in several ways: cultural capital, financial capital, and marketplace momentum


While the collaborative economy ventures have not yet hit their prime, they are clearly on their way. Whole new brands, teams, marketplace dynamics, investment in platforms, behaviors, and policies are evidence of the power in these models. With a bit more time, we’ll see the collaborative economy mature past that awkward, in-between stage into a full-fledged, trusted, and increasingly meaningful, global economic force.

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P2P Foundation » Blog Archive » The Sharing Economy: Capitalism’s Last Stand?

P2P Foundation » Blog Archive » The Sharing Economy: Capitalism’s Last Stand? | 'Next Economy and Wealth' | Scoop.it
Ferananda's insight:

Really recommend this article to understand why the 'Sharing economy' is not the holy grail that is illuminating the path towards an economic system that could regenerate the planet and our people.


I have been speaking a lot about this since more and more 'sharing economy' models are appearing every day. Lets remember that capitalism has been quite clever in adapting itself to the worldviews and values of the population. It happened in the 60s and its happening now. Don't get me wrong, its great, yet its not the answer but a small piece of the puzzle. 


Another relevant piece is the distinction among collaborative and sharing economy. Stacco Tronocoso says 'the collaborative economy and sharing economy (or collaborative consumption) are not the same concept. The sharing economy is just one part of the collaborative economy, as is distributed production, P2P finance and the open source & knowledge movements. What these phenomena have in common is their reliance on horizontal networks and distributed power within communities, as opposed to competition between hierarchical organisations, which has dominated economic life since the second industrial revolution. 

 

The author even prevents us from using the term 'sharing economy'. Curious? Read through. 

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The Future of Money Infographic | Visual.ly

The Future of Money Infographic | Visual.ly | 'Next Economy and Wealth' | Scoop.it
How social and mobile technologies are changing the way people earn,
manage and spend money.
Ferananda's insight:

Nice #infographic about #futureofmoney you can get a glance of how much is happening in the field.  Still money and #cashless means just that -no cash- yet...its movement towards changing rules. 

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New stories for a New Economy

New stories for a New Economy | 'Next Economy and Wealth' | Scoop.it
Ferananda's insight:

Reading this pdf was very inspiring to bring words into the new stories that will allow us to transform one of the major systems that will affect all the rest: our economy. 

 

David Korten says:

 

Any discussion of a New Economy properly begins
with the obvious truth: Without nature, there are no
people. The Living Universe and Earth Community
provide the underlying frame for the New Story for a
New Economy.

 

He carefully goes through morals and science and the main stories and narratives that have influenced the design of our social systems. He then tells the story of 'the Living Universe' and the interconnectedness, inter-relatedness of all which integrates the one and the many, agency and communion, sovereignty and accountability.  Beautiful and essential work. 

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Jeroen Boon's comment, April 27, 2:30 PM
Wow, what an amazing good insights about the rise of a new economy and living systems.
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Pavi Mehta - Centifolia 2013 - Eng - YouTube

Service space, India "May the beauty we love, be what we do"
Ferananda's insight:


Pavi is a wonderful storyteller and shares a vision of value and generosity that is very unique.She says 'We manage to put tags of price to everything'. Our wealth is in the realm of the priceless.

Very inspired talk.  Full of heart. 

She shares the case of 'Service Space' which is a very successful organization that manifests a lot of goodness from the services and products they offer. They have the next principles:

> Stay volunteer based
> Don't Fundraise
> Focus on Small acts

Listen how service space have been so effective by applying this three principles and blossomed with 500,000 members around the world.

Pavi says 'We are wired to contribute'

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Michael Hohenwarter's curator insight, March 3, 4:01 AM

WOW - so inspiring:

* If we move from consumerism to contribiution, we discover the joy of purpose.

* If we move from transaction to trust, we build a web of resilience.

* If we move trom isolation to community, we tap into the power ot synergy.

* If we change our mindset of scarcity to a mindset of abundance, we discover radical new possibilities.

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Envisioning the future of money

Envisioning the future of money | 'Next Economy and Wealth' | Scoop.it
Is your organization prepared for the intelligent, autonomous and interconnected future of money?
Ferananda's insight:

Really beautifully designed pdf about the technological future of money.  In my language I find it goes further than money. It names the currency landscape and what is possible even in gift economies.  You want an overview of the future? This is the place to start. 

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Scott A Gibbs's curator insight, January 24, 2:08 PM

So, is innovation in the concept of currency  going to be a disruptive technology?

Ferananda's comment, January 26, 8:18 PM
@ScotT A Gibbs the person I know that explores further how innovation the currency of the future to bring innovation forward is @ingenesist .My thoughts on that is that if we take the metacurrency distinction of what currency is then currencies is a new language, a new expressive capacity for humanity that holds the promise of radical innovation and change. (see the former video on Integral wealth).
june holley's curator insight, July 14, 5:17 AM

Great powerpoint...

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How to Frame the Sharing Economy Narrative (and Move On)

How to Frame the Sharing Economy Narrative (and Move On) | 'Next Economy and Wealth' | Scoop.it
Is the sharing economy the first attempt to instill community perspectives in the traditional process of venture capital backed innovation? Or, on the contrary, is that an attempt of Venture Capita...
Ferananda's insight:

Best article I have read about 'Sharing economies' in a long time. @meedabyte is honest and direct. The article is also full of powerful resources and moves from sharing economies into innovation and venture capital.  He also shares ideas for the implementation of true cooperative capitals and crowdfunding.  Very good read. Its long. So, if  you don't have a lot of time you might want to check my diigo annotated link for some good gems. https://diigo.com/01hsiq

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At The Merit Shop, You Pay With Creativity Instead Of Money

At The Merit Shop, You Pay With Creativity Instead Of Money | 'Next Economy and Wealth' | Scoop.it
This San Francisco social experiment bills itself as a little corner shop of anarchy. Its creators hope it offers a small dose of relief amid the...
Ferananda's insight:

As new models arise where we see new DNA which has creativity and generosity at the center I just take a deep breath and feel inspired. 

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Zero Waste World

Zero Waste World | 'Next Economy and Wealth' | Scoop.it
When the economy goes in circles, everybody wins.
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Great examples of how the circular economy is getting bigger. Many corporations are getting into this wave!

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The Internet of Things

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In this MIT Technology Review business report we decided to explore the big question of what new businesses will arise as things get connected.  And and and... a wider economic impact! 

 

The insights impact how we design products and services.  Read on. 

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Buddhist Economics: How to Stop Prioritizing Goods Over People and Consumption Over Creative Activity

Buddhist Economics: How to Stop Prioritizing Goods Over People and Consumption Over Creative Activity | 'Next Economy and Wealth' | Scoop.it
"Work and leisure are complementary parts of the same living process and cannot be separated without destroying the joy of work and the blis
Ferananda's insight:

Lovely article about a vision for Economics which has the potentials of human spirit at the center. Its a practice and aspiration. If you think that economics is to complex, scientific and far from you, think twice.  It is the harmony of our society. Its the relationship with matter, wealth and other.  

 

A quote:

 

Buddhist economics must be very different from the economics of modern materialism, since the Buddhist sees the essence of civilization not in a multiplication of wants but in the purification of human character. Character, at the same time, is formed primarily by a man’s work. And work, properly conducted in conditions of human dignity and freedom, blesses those who do it and equally their products.

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Eli Levine's curator insight, July 7, 1:31 PM

What good is wealth without happiness? What good is profit without purpose? These are things that the market isn't going to answer. These are problems t that require legislative action and law enforcement to solve. Otherwise greed will just come back to destroy its followers and many innocent civilians in the process. 

 

Think about it. 

Pierre Johnson's curator insight, July 7, 1:44 PM

Une perspective bouddhiste sur l'économie... Une voie de transition ?

Kurt Laitner's curator insight, July 8, 9:31 AM

phenomenally relevant 

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Local Financial System Animation - Principled Societies Project

Local Financial System Animation - Principled Societies Project | 'Next Economy and Wealth' | Scoop.it
Our first animated video, Principled Societies Project Part I: A Local Financial System is posted on YouTube. It introduces the Continue Reading →
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Understanding the Token Exchange System, the local monetary/financial system being developed by the Principled Societies Project.

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Next paradigm Economics - Community - Google+

Next paradigm Economics - Community - Google+ | 'Next Economy and Wealth' | Scoop.it
Ferananda's insight:

VillageLab is moderating a community with the 'Next economics' topics. The content is leading edge thinking.  We are a small community still yet we are already offering free hangouts and workshops of different sizes for communities worldwide. 

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Ecuador’s Pathbreaking Plan for Commons-Based Peer Production: An Update | David Bollier

Ecuador’s Pathbreaking Plan for Commons-Based Peer Production: An Update | David Bollier | 'Next Economy and Wealth' | Scoop.it
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What makes the FLOK Society report so significant is its informed analysis of global trends in the production of knowledge and culture -- and its bold attempt to reformulate state policies to assure maximum social benefits flow from them. 

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Economic Shift: The Rise of the Collaborative Commons | Think Tank | Big Think

Economic Shift: The Rise of the Collaborative Commons  | Think Tank | Big Think | 'Next Economy and Wealth' | Scoop.it
 “We are just beginning to glimpse the bare outlines of an emerging new economic system--the collaborative commons,” explains economist Jeremy Rifkin, the New York Times bestselling author of
The Zero Marginal Cost Society
. In our new series on disruption, Rifkin discusses the forces shaping our ...
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Very interesting perspective, historical context, data and grounded research.  A lot to think about. 

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SymGen.us

SymGen.us | 'Next Economy and Wealth' | Scoop.it

The SymGen.us platform is a news aggregation tool to find the latest information on the sharing economy, cooperative economy, social solidarity economy, green economy, new economy, as well as the types of enterprises and development strategies contained therein.

Ferananda's insight:

They seem to be beginning their website yet coming quite strong. 


Our central resource hub offers a place to review existing solutions that individuals, organizations, businesses, and even large institutions like foundations, universities, city governments, and others can use in order to enhance their positive impact.

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Sharing is the New Buying: How to Win in the Collaborative Economy, the Report

Crowd Companies, a brand council founded by Jeremiah Owyang primarily focusing on the collaborative economy movement, and Vision Critical, the leading provid...

Via Marc Tirel
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Jeroen Boon's curator insight, April 8, 1:47 PM

Good overview about the sharing economy. M.a.w. delen is het nieuwe hebben.

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auroracoin

auroracoin | 'Next Economy and Wealth' | Scoop.it
Ferananda's insight:

I am following some of the spinoff designs of bitcoins and this is one very interesting one called Auroracoin, which is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014.

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Marc Tirel's curator insight, February 9, 3:28 AM

waouh .... sounds very innovative and disruptive

Marc Tirel's curator insight, February 9, 6:37 AM

very interesting & disruptive initiative

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Integral wealth, what brings us closer to what is true, good and beautiful

"Integral Wealth" At the individual level, most people agree that we can't reduce wealth to financial profit. However at the collective level, financial weal...
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Now this is the ONE topic in my top list for those who want to connect to the leading edge thinking required for the transformation of our economic system. Very well expressed by @Jean-François Noubel 

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Does money have a future?

What if community-based trust and online rating reputation systems could let us to get rid of money -- at least as we know it?
Ferananda's insight:

Jason offers his experience on using services which have trust as an embedded currency in the system and how it can be manipulated.  The invitation I hear is to think further into the design of reputation systems and the balance in between what we measure and our capacities to trust and be impeccable.   

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