Capital-Institute: How Paris Changes our work

How Paris Changes Our Work

In reply to a comment by Stone Bridge Studio

Agreed on the last point [It will not suffice to limit our thinking to changing the way people behave within the system as it is. We need to push further, to be bolder, to change the systems within which people can and will behave.].

I strongly suspect the the operating system of finance is itself in need of a major re-write – actually a total replacement. The fundamental operating assumption of any market based system (that of scarcity driving a need for exchange) is actually being exponentially eroded by computers and automation.

So I see a need for systems that have a hierarchy of values of Respect for Individual Life and Respect for Individual Liberty, in a social and environmental context.

Automation will deliver an exponentially expanding set of goods and services with similar characteristics to oxygen in the air – ie they will be important to individuals, will be universally abundant, and as a result will have zero market value. As that set of universally abundant goods and services grows, the utility of markets will shrink. As the tendency of market based values to oppose any universal abundance becomes more obvious to more people, the ethical groundswell of opinion to remove markets from their current dominant role, and to actively encourage the expansion of the set of universally abundant goods and services will grow.

What emerges thereafter will be very interesting. I suspect that the works of Elinor Ostrom and Robert Axelrod will gain ever greater notice and favour.

About Ted Howard NZ

Seems like I might be a cancer survivor. Thinking about the systemic incentives within the world we find ourselves in, and how we might adjust them to provide an environment that supports everyone (no exceptions) - see www.tedhowardnz.com/money
This entry was posted in economics, Technology and tagged , , , . Bookmark the permalink.

Comment and critique welcome

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s