Sunday, July 19, 2015

Are we ready for the post capitalism world?


http://www.theguardian.com/books/2015/jul/17/postcapitalism-end-of-capitalism-begun?CMP=share_btn_fb

A brilliant article.

I disagree that people no longer need work.  They need it more than ever for their well being.

I offer two suggestions to make this post capitalism economy happen.
  1. Technologists and technology companies need to be thinking more about how to integrate human capital with machine capital so that people can still participate in meaningful work
  2. If information is the driver of this new economy then why accept the notion that information is free: able to be exploited to benefit those at the top of the food chain in technology companies like Google, Facebook etc.  It is time to assert property rights in information.  If you create it; you own it.  This is not intellectual property:  That can still apply to the creative application of the information.  I am talking about ownership of the basic data: your name, address, birth date, your consumer preferences, likes, dislikes, etc.  Once we acknowledge that data is property then it can be monetized presenting everyone with a stream of income and a means of re-distributing the immense wealth of the Google and the Facebook of this world.

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