Today, we have one of the most extraordinary opportunities in human history playing out before our eyes. Social Capitalism is no longer merely a band-aid for an amoral Market Capitalism, it is a new form of Capitalism in it’s own right. In the age of social media, many entrepreneurs no longer allocate land, labor, and financial capital as a primary means of production. Rather, they deploy social capital, creative capital, and intellectual capital to the production of a vast amount of “value” that is stored and exchanged in communities.
A new financial instrument is described which can be capitalized and securitized to form the basis of a fungible social currency to hedge the dollar. The net result could create a condition where Wall Street priorities are subservient to social priorities rather than social priorities being subservient to Wall Street priorities.
Industrial Era Capitalism was great for the past and it worked in that context; however, today it is our duty to configure a system for the post-automation society; the NEXT 50, 100, 200 years; bringing to bear the best of our collective intelligence, quantitative rigor, and intuitive forecasting capabilities, moving forward. For more than 50 years America's best and brightest have called for unconditional, LIVABLE #BasicIncome. It's time to join them. Here's why.
Wednesday, September 1, 2010
How Social Capitalism Can Hedge Market Capitalism
Daniel Robles, The Ingenesist Project: