The new norm may be something like “Make yourself as uniquely useful as you can as a collaborator with other knowledgeable actors” and may result in institutionalized education, institutionalized professions, and institutionalized jobs withering away to be replaced with totally new forms.
Four ideas emanating from California point to directions that the path to reform Democracy might take.
The entrepreneurial individual is the one best equipped to navigate a pathway through the changing world of work, revenue streams and economic opportunities. Follow these guideposts.
Let the young die, make the old die, and reserve healthcare for those years when people are working and paying taxes to the government.
Individualism wants everyone to be free and equally equipped at the beginning, in order to try their best, each in their own way. The market – the voluntary decisions of individuals to exchange goods and services in a win-win exchange – delivers a verdict on which efforts are worthy of reward by customer acceptance. Professor McCloskey calls the outcome of the process “trade-tested betterment”.
Super-connecting is the new metaphor of entrepreneurship. The entrepreneur today is an orchestrator, a super-connector of knowledge, technology, collaborators and capital. All of these inputs are available in real time as a result of today’s technologies.
The maturing technologies of cloud computing, cognitive computing, virtual and augmented reality, artificial intelligence, big data analytics, global exchange and logistics platforms can all provide the individual with self-directed, self-resourcing economic power. If the old institutions decay around us, we need not worry, because the new ones are forming and will serve us much better.
Economists seem to believe that life should be conducted in a cold and calculating manner. They talk about rational decisions and optimized systems, based on the economic calculation of costs and benefits. Worse, they believe that only they, as experts, are able to make the most rational decisions and to design the optimized systems, and […]
Blockchain users are discovering that distributed systems can do more for individual freedom than any kind of social theory.
Technology is fundamental to new learning strategies. In a sense, technology is the new institution. As the old institution decays, technology advances, responding to the changing needs and preferences of consumers.
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