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User:JoeEdelman/21st Century Economics and Ecology

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A future that works for 12B ppl

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  • reputation & sharing & experience economies - high-density low-stuff living
  • mission-related investments & other use-regimes
  • reputation/algorithm-based easements & trusts
  • point of sale vs point of experience vs point of long-term benefit evaluation (& google ads; & internet incentivization)
  • from wallet and keys (pairwise) notions of use to (reputation / auction / larger assessment) social smartphone negotiated use
  • goods become services; services become social & reputation-based rather than market exchanged; (later) land, minerals, and infra become group-managed

Factors that drive us away from legacy, ownership-based capitalism

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  • social & rep currencies leverage transaction cost efficiencies (see Benkler, "Sharing Nicely")
  • also, human motivation efficiencies (see Foursquare, Couchsurfing, McGonigal)
  • also, market commoditization interferes with addressing people's true desires (DeBord)

Factors (going away) that kept us tied to legacy, ownership-based capitalism

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  • pre-smartphone coordination costs for group transactions
  • legal structures for group use slow
  • lack of reputation information about strangers
  • insuffienct socially-motivated capital to buy out owners
  • before limits to growth, etc, plain old short-sighted modernism

Might be good to mention

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  • capitalism is NOT dominant. 4 markets (reputation, favor-exchange, caring, and cash) change their relative dominance over time as technology and living conditions change. See economist Nancy Folbre
  • billionaires and CEOs and VCs are NOT evil. see my investors (Kickstarter, Google Earth, ...), see Fred Wilson (#hackedu, Khan Academy, MeetUp), see Danon Yogurt (CEO issued a new kind of green stock and moved 1MM stockholders over to new stock so he could go eco)
  • sharing/algo-collective approaches DON'T have to be vulnerable to free-riders and safety concerns (see CouchSurfing)
  • low-tech back to the land and transition town approaches are NOT sustainable (see Steffen's peice: http://www.worldchanging.com/archives/009499.html)

Top Thinkers

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  • Alex Steffen
  • Yochai Benkler
  • Jane McGonigal

Top investors

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  • Craig Shapiro
  • Knight Foundation

Best careers to build this future

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Three Steffen articles to start with:

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