Information as currency (Ideapod)

Information as Currency 1

Hi Paul,
Some truth in what you say, and some errors too.
The whole idea of economy, of markets, is near (if not actually past) the end of its social utility.
How could that be?
Consider air.
Air is arguably the single most important thing for any human being, yet it has no market value.
Why?
Because markets require scarcity to function.
Universal abundance has zero market value (always).
We have the technology right now (today) to deliver universal abundance of all material needs (air, water, food, shelter, clothing, energy, education, communication, healthcare, transportation), to every person on the planet.
Doing so would destroy all market value in those things.
Thus we have ideas like patent, and copyright, to maintain scarcity, and create market value. The only way that can work is for most people to experience a real lack of those things.

We need to go beyond market thinking, beyond the idea of exchange.

Automation allows us to deliver universal abundance.

Markets and money now directly incentivise the prevention of such universal abundance, and work directly against the interests of the majority of humanity at the lowest level.
Because of this, markets are now the major source of injustice in the world, and as such, pose a threat to everyone (even those at the top of the economic heap).

We have the potential to go beyond markets, beyond culture, into a realm of security and freedom the likes of which has never existed.
And getting there will require some real work.
Nothing in life or biology is certain.

And indefinite life extension and the security to actually live a very long time does seem to be a real possibility.

Poverty today is a direct result of thinking in terms of profit.

We can do so much better.

You have the resource to empower a team to make it happen.

Will you?

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
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