Posted by cadsmith on February 12, 2010
Quality is facing new math. Calling the end of this lemonade phase of dependence or recovery is different for bankers than the public since the former get paid to make loans from the latter’s savings, pay, taxes, property, retirements or estates. Things probably have to hit extreme levels in order to affect fundamental practice. Stability is challenged by demographic regime change. Scalability requires sustainability. The faster growing economies may also sputter into episodes like the previously dominant ones.
Interim turbulence is inviting substitutes which may find niches in different locations. These test economies go from things like cashless services to stateless banks, some using means like social networks, and others unique goods. At any point, some attempts may prove successful enough that they can be generalized, if recognized by observers or the new types of ever-present surveillance. This may be useful if the stimulus faces intractable ineligibility, length or ineffectiveness. Larger systems risk implosion. The walled gardens of government are justified as protection, but may seem more accessible to the whims of unelected bureaucratic manipulators than the needs of stakeholders who expected more representation or participation, or deserved keener officials and results. GDP can be made to look okay if government spending increases to offset losses in other factors, however the theories of recent decades have been disproven to many, perhaps excepting the major media. Ideologies are subject to inertia before invalidation or integration.
An economy is basically administration whether home, community, government or global marketplace. The goals can be changed at any scale. Classic datapoints may include corporations, startups, spinoffs, classifieds, gifts, auctions, coops, volunteerism, recycling, government SysAdmin, cloud, philanthropy, or black markets seeking legitimacy. Current trends are toward networks and prosumers, though the internet model has challenges, e.g. cybersecurity, or censorship from China, Iran, or Australia.
Some of the players are:
- time banks
- mobile, cellphones and data center presence in devices and autos;
- social capitalism
- resilient communities and DIY
- participatory economies
- small web organizations, distributed partnerships, local servers, urban or international;
- infrastructure changes, e.g. ecommerce, disaster recovery, or FCC reserving spectrum for mobile health;
Also see alternative economies.