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Some Elements of the Emerging
Global Economic System to improve
the human condition by 2030
• With increasing global interdependence and the speed of
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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 Element 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;
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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
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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
and growth
Self-employment via the Internet—Individuals seek
markets for their abilities rather than jobs