Some Elements of the Emerging Global Economic System to improve the human condition by 2030 • With increasing global interdependence and the speed of • • change, even greater economic disasters may be possible than the one the world is experiencing today. Capitalism, socialism, and communism are early industrial age systems. What are some future elements of the next global economy from which the next system might emerge? 35 such elements/attractors were identified and rated as to how important they were to the he human condition Both numeric ratings and descriptions of how they could have positive and negative impacts
Demographics, the Sample: 217 participants from 35 countries 27 days
Top 10 Most Beneficial Elements over next 20 years Import Resp Agree 1 Ethics: a key element in economic exchanges 8. 36 168 0. 86 2 GDP definitions that include all forms of national wealth 7. 96 164 0. 78 3 Small tax on use of commons directed to global public goods 7. 75 172 0. 83 4 Collective intelligence: global commons for the knowledge economy 7. 74 155 0. 88 5 Education in the evolving economic system and its elements 7. 64 154 0. 83 6 Simultaneous knowing – time lags changed or eliminated in information dissemination with much greater transparency. 7. 61 168 0. 79 Value of natural resources used in production included in pricing 7. 56 162 0. 76 Women’s political-economic roles essentially on par with men 7. 25 182 0. 68 9 Increased disclosure of "tax havens" , secret accounts 7. 10 153 0. 68 10 Wealth, re-defined as experience and not the accumulation of money or physical things 6. 83 161 0. 62 7 8
Most Controversial – bimodal distribution: • Global mechanisms for automatic financial stabilization; • • e. g. , international convention for an automated system (expert software) to make financial policy changes as economic conditions change, conducted initially in larger economic countries Single global currency Artificial life—as computers were a key element in the information economy, so too artificial life might be a key to the next economy Internationalization of labor unions Labels on financial instruments, something like nutrition labels on food.
Some other interesting elements • Simultaneous knowing – time lags changed or • • • eliminated in information dissemination with much greater transparency. Non-ownership, as distinct from private ownership or collective/state ownership. A current example is open source software. Alternatives to continuously creating artificial demand growth Self-employment via the Internet—Individuals seek markets for their abilities rather than jobs
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