Hello DK

1. Do you think that modern capitalism and global economics is increasingly difficult to fathom for the lay person?

Yes.

2. If so, how are we going to build a wisdom based global economy?

1. Incorporation into early education.
2. Virtual Reality. Wisdom is borne of experience. Fast-paced money making has always been alluring to cold-hearted youth that grows into old-age only knowing its own kind and its own world. Ignorance of world impact leads to imbalance and pockets of global despair not just in money but in health and so forth.

Until people can have wisdom induced by experience, they are free to pretend that using a paper plate is inconsequential to the forest. So youth or inexperience making decisions can be deadly.

Wrote this on my whiteboard yesterday: Making decisions or drawing conclusions based upon a healthy and prosperous world view about the unhealthy and impoverished simply lands one in chaotic, wrong action, wrong conclusions, and adversarial outcomes.

3. What do you think could replace the present model of global capital markets, banking and finance?

I don't know because I think that modern capitalism and global economics is increasingly difficult to fathom for this lay person. ;) I do think it needs to be very computer-driven to analyze many facets of scenarios and outcomes over time.

I simply saw a commercial and they used virtual reality to experience a test drive from a 6-year-old's perspective. Somehow something like that needs to become a part of all industries that make decisions that have long-term cause-and-effect implications on quality of life.

Pockets of extreme despair, poverty and poor health have come from the systems to this point. As fantastic as money people in the drivers' seats have thought they are, they have failed the world when you consider Muhammad Yunus's 2006 comment that one-half the world population lives on two dollars a day. Embittered terrorism has shown us things like this are everyone's problem.

Well DK .... interesting question, so here are my thoughts.

It will never happen. This is why people will be forced to get a very small computer chip in their hand inserted by a needle (that's small!), if they want to eat.

Love, Char

America must first be utterly destroyed before there can be any hope of peace.

Then the world shall unite, forming a socialist system of world needs, get that, needs not trade; and it will be really really cool.

The consumerist zeitgeist of the modern world shall be replaced by a caring and helpful ethos, by necessity in stark contrast to any moral and intellectual progression, for the human species to simply survive -- it shall be a glorious age!

pax vobiscum

When systems crash (will that happen due to natural forces or from out of control human forces -- or both) we will return to more simple systems the level of which will depend on the degree of collapse of the old systems.

I prefer village life over city life. I prefer nature's green over gray and concrete. I rather like the notion of bartering and trading, doing crafts and sewing, growing food and celebrating the seasons in community.

Who can imagine a day without Starbucks coffee or car to get to the store for food? Get real people of earth. It's time to get back to the basics. It's time to slow down and simplify.

It's wise to start practicing and talking up a new way of living with earth rather than all the speculation and "what ifs." It's time to get out of the head and into body of heart/mind.

New intelligence supported with new degree of enlightenment knows how to live in changing times. What does that look like, sound like, smell like, taste like, feel like? (My imagination is picking up red and ripe home grown tomatoes! What do you pick up?)

Trish~~

I like that Trish and agree.

#2 Gravity, the people will embrace the new systems once they are properly articulated, the many will recognize the benefit in them, perhaps to detriment of the few that benefit from the current systems.

#3 This would take a while to answer. A Universal Information Systems architecture that provides balanced accounting of value exchange is most important. It has the elements of transparency, certification, validation, anonymity and privacy yet provides a complete and comprehensive data set allowing proper analysis and management of the system as a whole.

The current opacity of the system allows some to sneak more than their share from the cookie jar.

I will work on a summary of the Universal Information System requirements and function.

Then there is the essential economy and the artificial economy. We can do away with the latter.

Lastly there is the gambling problem, which results in poor judgment, market volatility and instability. Higher taxes on this sort of capital gain combined with no taxes on dividends should ameliorate this problem. Of course players that have privileged information, foreknowledge, and or the ability to influence events and perception will not like this. This is not a valid way to generate revenue because it provides no value to economic system participants. They may resist but their fictions will be addressed and dissolved.

Such a Universal System would allow the creation and invention of multiple tangible backed currency units that could damper the volatility of intangible backed perception based (easily manipulated) currency unity. For example we could have units based energy (human, and infrastructure) and property.

Yet simplicity is important so that mismanagement cannot be obscured by complexity.

The wisdom in replacing the current systems comes from the alternative that we may all resort back to bartering and localized production if a remedy is not speedily implemented.

The financial systems need to be dynamic and real time, there is to much latency in current form and a failure to properly measure.

That should say perception based (easily manipulated) currency "unit".

I don't think a new economic foundation can be built (of any sort) as long as workers are prevented from free movement throughout the world.

While raw materials, every node of the manufacturing process and product move more and more seamlessly thanks to "trade" agreements, workers enjoy no such corresponding freedom.

Thus, we do NOT live in a free economy.

We're beginning to see the results: in many countries in Asia, people are beginning to hoard rice in order to prevent its export to developed countries. In Venezuela, voters are unhappy that oil wealth is being exported to neighboring countries in the form of grants, etc. In CHina, females bring exported to the US, and in the US, most of our desperately needed biodiesel is being exported to Europe.

It's not that these good are moving which is causing the problems. It's that people can't also move freely. And 9-11 has done much to worsen our imprisonment to 'nation' boundaries.

In the myth of the Tower of Babel, the tower wasn't destroyed. God could easily have destroyed it! It simply remained unfinished. It's a story of hubris and attendent "dis-illusionment". It's an ancient version of modern economic recession/depression, broken bridges, grounded aircraft, scorched earth and piling debt.

(I quote: "Some Kabbalistic mystics provide most intriguing and unusual descriptions of the Tower of Babel. According to Menachem Tsioni, an Italian Torah commentator of 15th century, the Tower was a functional flying craft, empowered by some powerful magic or technology [1]; the device was originally intended for holy purposes, but was later misused in order to gain control over the whole world." WIKIPEDIA)

We really have only two directions in which to go at this point: either retreat behind tariffs and mistrust, abandon the labor, or humbly begin the task of shattering the walls of "nation" that divide us, redirecting power that is presently being misused by a few privileged elite.

Peer to Peer lending is taking off at prosper.com, an indication of things to come, naturally in the evolution of the system. Click my name.

I have envisioned a world where one's debt is auctioned to the lowest bidder, that which takes the least profit, providing the lowest interest rate. This happens on a daily basis and the ownership of the debt is transferred with a few mouse clicks.

We can also join credit unions which are consumer owned banks; the members are the shareholder, no third parties taking a cut of your wealth.

We need to change how money is created, the cost for doing so and the fees for providing the system (interest). The base system should be owned collectively by the participants with perhaps some of the management performed by the private sector paid based on their performance.

Money doesn't grow on trees; it is created out of nothing based on a commitment to produce future value for other economic participants. How these units flow through the system and who controls their allocation is up for reconfiguration.

I have always thought that allowing the fluctuation of interest rates (lender profit margin) while claimed to be a way to regulate the economy are actually a way to allow the extraction of maximum wealth in a dynamic economic system, the amount that can be extracted changing over time. Such that any wealth created over and above that needed for essentials goes to the controllers of the monetary unit.

There are several services needed to be provided to support a financial systems.

1.Tracking transactions and ownership.
2.Providing the computers, logic, interface and network to run the system.
3.Identity / Entity registration tracking and certification
4.Risk analysis and evaluation (this is capturing historical data (prior performance), analyzing future possibility and probability to determine future need for specific services and products and the entity’s success in creating value and prior performance in meeting obligations to produce value.)
5.Investors (directing energy in a free market to entities that after discerning investigation are deemed to be able to create value for other economic system participants, this is a collective function so that investment flows cannot be skewed by a few individuals.

6.Enforcement (recovering collateral or providing penalty for not honoring the commitment to create future value.

All these financial services and products can be provided much more efficiently and effectively than they currently are.

Next we need to look at the things that can skew a natural economic system.

1.Leakage those that can take ownership ship of currency units (wealth) without making a real value contribution to other economic system participants.
2.Forced purchase of unwanted and unneeded products and services this includes unnatural needs created by industry and legislation. The artificial economy in contrast to the essential economy. Appearance products that appear to have more value than they do in reality.
3.Money going to the public sector where due to a lack of accountability and controls all currency is devalued because the products and services created are not equal to the value created in the private sector causing a devaluation of currency, this is a big source of economic system leakage.
4.Mismanagement or decisions made on guesswork.
5.Encumbrances placed upon economic system participants increasing the cost of producing value.

Hi Richard!

A need for web 3.0 parallel-organization?
A parallel-private intelligent system for world information?

My expectation for what is coming in the world of the information is the constant lost of self-intelligence reference for global artificial-intelligence handler.

This is interesting but very very dangerous if we follow the current level of mass-thinking.

Richard, DK, what do you think? What is going on with web 3.0 on your side?

Now there are a couple questions that need to be answered and some fictions to be eliminated by asking them.

There are 6.6 billion people on the planet not all of them have been given channels to make a contribution to the economic system. In theory the required weekly effort of each participant to sustain the essential economy, food, shelter, energy, transportation, infrastructure, education and if we want we can include entertainment and travel, is 16 hours thanks to efficiency created by technology. This requirement can be skewed though because of monopoly ownership of both material resources and property.

So why do so many have to work multiple jobs and more than 40 hours and so many have none? The system is flawed.

Another way to look at this is how valid is the assumption that that everyone should work a 40 hour work week? Did anyone calculate the daily needed value creation to support the essential economy? Nope it hasn’t been done. This is a flawed and erroneous assumption. If we were to force an arbitrary 40 hour work week then we would need to create the work to be done to sustain it perhaps through new infrastructure enhancements. Has anybody done this? No.

It is not about a lack or scarcity of money, this is limited only by ability to create value, and there is as much money as the people on the planet need to have. What create the limited supply is mismanagement, theft, fiction, and control of the symbol by a few.

Those that buy Chinese products are supporting slave labor at the current moment some are working 14 hour days seven days a week and this is not fair to these Chinese people. All this while a few in China live richly taking a portion of the wealth of the many that those few did nothing to create.

Hi Jean, I think it will evolve naturally, perhaps with some pain which is required to get peoples attention and change (evolve).

We haven't fully realized the benefits of Web 2.0 yet and it is producing dramatic changes and new capability that mankind has never seen or had before.

Hi DK and everyone,

a while ago I attended a lecture by a futurist who showed graphs on the evolution of humanity from the perspective of social, economic and scientific progress. It was obvious how there are "growth spurts" and plateaus in this process. The curves were going up very slowly in the beginning, with long periods of nothing happening at all. But the growth spurts became faster and faster, and these last decades it is all happening so fast and it's so intense that the line on that graph will go straight up in the next few years. I am sure we all feel it in our own lives, in mind and bodies.

He talked about many of the things you use to mention in your blogs, like the mind-boggling biological experiments going on, how human beings now can produce organs in laboratories, are cloning humans and machines, create intelligent computers which can learn from their own experiences and will probably soon surpass us in intelligence, etc, and it is becoming very obvious that no human mind of the kind we have today will be able to grasp what is happening in just decades from now. The truth is that we can't grasp reality even now, but it is becoming completely obvious how useless this clinging is, now that our stories about reality are busted with such speed and without a chance to stay put in the paradigm from literally yesterday.

This means, to me, that the age of the illusion of time is coming to an end, and we will all have to start functioning in the present eternal moment. We are becoming a new species, we are about to go over to a whole new type of perception showing a reality that cannot be predicted, planned or imagined from where we are now.

When observing what is happening in us, I believe we are entering a stage of total opening to the connection with a higher universal intelligence. Right now it is guiding our steps in every moment through what many of us call intuition, inspiration and insight. It will
become so well established in us that the concept of planning ahead will disappear, as everyone will know exactly what to do in every moment for the best of the whole. We already do that :) But we imagine that we need to plan and drive this universe, which is an illusion. Intention is important, but the kind that comes from a new identity that is universal and expresses love with every action. The day we all wake up to how it really works, we will align ourselves willingly and without friction to the direction and functioning of the whole, will know exactly what our part is in every moment and will be very fulfilled in doing it.

Richard, I was interested in your question, "So why do so many have to work multiple jobs and more than 40 hours and so many [elsewhere in the world] have none? The system is flawed." in post 11.

I really feel that we are imprisoned (post 9) by our own nationalistic illness which a privileged few are exploiting to their own benefit as they "straddle" borders.

In the book "Hocus Pocus", Kurt Vonnegut depicts a prison in Upstate New York where foreigners are contracted as prison wards (in reality, he's alluding to Auburn Correctional Facility in my hometown "on the other side of the lake" from the college...which is really Cornell U.).

I don't think he's talking about prisons, though. I think he's talking about our own sequestration as wards of a nation (in this case, the US).

We want to build a wall to keep Mexicans out, and the joke's actually on us!

Want another example? Saudi Arabia versus Kuwait.

We just keep boxing our own shadows, wearing ourselves down and out with religious and ethnic fervor.

Hello Son!

Grand'Pa... What a surprise!

Son, I am coming to you, sliding from a waltz-slice of your Strauss music. Sorry, I am a bit dizzy.

What do you mean dizzy? Don't tell me you are drunk?

Son, yes I am!

Man, are you crazy?

Son, yes I am!

Grand'Pa I am worry! What is going on in heaven? Please behave well, I want my ticket and...

Son, stop here... Things does not work that way. How so linear educated are you now? Boring boring! I will have to talk with your mom, yesterday!

I want to be crazy as you Grand'Pa! But I do not know how! Strauss gives me some kind of connection with you, with myself. A strange feeling as I do not know you too much. Just some blurred images of you. But this feeling is so clear-strong.

Clear-strong... haha!... so funny!

What's so funny, big guy?

Son, your Grand'Ma doesn't like to wait. Ohhhh! She is telling me that you have to meet her tomorrow! Héhé!

Doesn't sounds good, with this héhé of you!

You grab so much the words... meanings meanings over meanings, so much that the connection become blurred by itself. Breath a bit more to get back drunk. Let's go with the first song?...

Interesting! I didn't know this version! This is the present spirit! We are in the mood?

Mood of?

Let's talk about that Malli!

Whoops! Hey man, we are on a public blog here. Her blog by the way.

And what? Should I stamp your red face on a picture?

Man, It's not the time and the moment.

Jean, why are you creating such a drama?

I like it, probably. I love the feeling that I have from her. You are happy NOW?

I feel good! Thanks!
Son... you are looking at yourself only! They are your own feelings with different shapes that you are separating from yourself.

I should be happy to have them, SO!?!? Why don't I feel them as mine, only?

You have a second song, no?...

So, I dress myself with many projections of who I am?

The concept of who is your Grand'Pa is well known, maybe your are thinking... You are all wrong...

Aurora,

I thought that was a good assessment, everyone should be reading it.

I was going to address the issue with brain performance and how to enhance it's processing capabilites later.

The new

Neurogenesis and Neuroplasticity Protocols

Dana,

That is actually a complicated question to answer and was more about showing a contrast.

There are no borders on earth we find them only in the minds of man.