In case you have not noticed, it is largely in the best interest of one group of people to keep another group of people poor, weak, and disorganized. I’ll let the reader connect these dots as they see fit, however, the fact is clear – that is how capitalism works. There must be a merchant class and there must be a working class. Everyone participating in this arrangement is a Capitalist. And even after all the inequality that this arrangement implies, capitalism is still the only game in town for creating and distributing wealth.
Beast of Burden
As the burden of supporting the capitalist system is increasing with interest on debt that can never be repaid, the pressures on the working class will enter a phase of rapidly diminishing returns, as such, capitalism itself is threatened. That is, before Social Media was discovered as a means to enrich, empower, and organize people.
The inherent conflict is that the working class will always seek to maximize their wages and the merchant class will seek to minimize those wages. Inadvertently, there is a suppression of information, and therefore education, to the working class. The result is a net loss of intellectual capital.
The inherent conflict is that the working class is assigned the tasks of carrying out the wishes of the merchant class even if it is not in their own best interest. Inadvertently, conformity becomes a survival strategy for the working class. The result is a net loss of creative capital.
The inherent conflict is that the working class will organize themselves into collectives as a means to match the relative power of the merchant class. Again, inadvertently, if people are held below a certain economic threshold, they will fail to organize because their concern is greater for simply feeding their family. The net result is a loss of social capital.
The result of the net loss of social capital, creative capital, and intellectual capital is the inability to create new wealth. While these conditions were once the exclusive domain of less developed countries especially under communism, similar conditions are now arising in the United States under capitalism. That is, before Social Media was discovered as a means to enrich, empower, and organize people.
I am a capitalist:
The tools of the old merchant class trade are eroding. Traditional media is over commercialized, polarized, and gentrified while the audience can now control their bandwidth, seek multiple opinions, and become highly diversified. As the financial crisis envelopes the United States, more and more people are turning to social media. The draw to social media is extraordinary even among those who still have jobs. When people are released from the clutches of the merchant class, they wake up, look around and inspire each other. It happens to me every day. The innovation economy is upon us.
The paradigm shift is really quite subtle. It behaves as a function of the human embodiment of innovation. For example; most of us do not wake up every day aspiring to improve the Ipod, the Wii platform, the mousetrap, or any other inanimate object– instead, we seek to improve ourselves, and by extension, those around us. This is the self-embodiment of innovation; something (or someone) improved that has an economic outcome. To improve one ‘s self is to innovate by every definition of the term. Social capital, creative capital, and intellectual capital are the factors of production and social media is the corporate structure for innovation enterprise. I am Capitalist and if you have read this far, so are you.
To learn more about the emerging Innovation Economy watch this: