Posts
Last week my friend Christopher randomly asked me to be part of his YouTube project, WEECY TV. I had an amazing conversation with two neighbors who I had never met, and Christopher did a great job editing it down to a few minutes. I could write about my current work, or the rest of that long, powerful conversation, but I'd rather let the video speak for itself:
My friend Steve commented on Facebook:
Hey Thom, the whole video was pretty cool. We had an Italian economist from the University of Rome come speak last night on the Italian and European economy, but he brought up the same line: there was a brilliant English economist (from the 19th century, the man's name escapes me, the article is titled something along the lines of: "A forecast for our Grandchildren") who wrote that come year 2030 (or so) the world will be at a point where greed will no longer exist because of the wealth will have increased 8-fold for the entire populous, and everybody (entrepreneurs specifically) will have satisfaction with their level of wealth.
Wealth in Europe has risen to that level, statistically it is 8-fold what it was then. But the world hasn't changed, and the Economist predicted the state of man a hundred years later incorrectly. This is because the driving factor of growth (entrepreneurs) was not the acquiring of wealth but rather success, that success is the basic human need which drove entrepreneurship and economics in general.Thank you, Steve.
I don't believe capitalism will ever die. We can, however, evolve our sensibility to the point where we take advantage of social capitalism and bring the up social "safety net" to a much higher standard of living. That is to say, we can build a capitalism on top of a commons, but that commons must be sound enough for the capitalism which stands on top of it. This is the model of the hybrid economy.
0 comments:
Post a Comment