We Got It Backwards

by Dan Robles on 10/17/2010

RearViewMirror 300x233 We Got It Backwards The invention of the wheel, wedge, and pulley came long before the invention of credit scores, CDO’s, and International Trade Agreements.

Technological Change must always precede economic growth – economic growth cannot sustainably precede technological change. If you throw money at a problem, you are not guaranteed technological change.  If you throw technological change at a problem, you are guaranteed money.

We are going about the process of globalization as if economic growth can precede technological change.  This is the tiny flaw of market capitalism and it is unsustainable.  In short, we’ve gotten it backwards and continuing on this course prevents us from seeing the future.

The flaw is easy to correct. The Ingenesist Project has specified two for-profit business methods, “The Value Game” and “Zertify.com” which if deployed today in Social Media could accomplish this.  These business methods are committed to the public domain.  The only thing standing in the way is a social agreement.

Let me know if you agree.

{ 3 comments }

GeorgeB October 22, 2010 at 11:14 am

– don’t forget to factor in those who support the movement… to support those who support “lack of movement”. Some believe that the way to stimulate the economy is to throw that money at the workers who add the highest possible labor costs to the cost of production, as if the continuance of their (union) employment somehow creates a change we can believe in..(?). The US has now priced itself out of the manufacturing marketplace. Somehow some thought leaders think that subsidizing the overpriced union workforce at taxpayer expense will correct the problem. THAT has to change ! We need an “Innovation UNION” – and then “we the people CAN and WILL solve this…

AllThingsM (AllThingsM) October 17, 2010 at 6:06 am

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We Got It Backwards [link to post]

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StarGazon (StarGazon) October 17, 2010 at 5:04 am

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We Got It Backwards via The Relationship Economy – The invention of the wheel, wedge, and pulley came long … [link to post]

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