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I think society needs to fundamentally change its objective - in terms of a measure, or currency, that we can use as a touch stone for deciding what something i
by lwhi 16y ago
I think society needs to fundamentally change its objective - in terms of a measure, or currency, that we can use as a touch stone for deciding what something is worth.
If the subject of cost is extrapolated enough, traditional concepts of worth could be factored out of the equation to an extent. I believe this is especially true when an economy moves from consumption (and the trade of finite resources) to an economy that revolves around the trade of intellectual property (and infinitely renewable) resources.
I quite firmly believe that the sale of intellectual property is corrupt. I don't hold this view because I'm particularly morally opposed to the idea, but because - logically - I don't feel it's either sustainable in the long term, or compatible with the economic models that society has been traditionally built upon up to this point.
In the intermediate term, I think a logical solution to the problems presented re. making money from IP, is to sell IP as a service. This model deals in absolutes - real costs can be factored into pricing decisions associated with the sale of IP. Rather than consider sale of IP as a 'cash cow' (able to be milked infinitely, creating an unending stream of capital for the associated company), I believe a service model is - by its nature, tied to the real world in a much more realistic way.
If this idea is extended .. what is it that's unique about the sale of a service? How can its essence be factored down, and what is the base variable that's being sold?
I'd argue that the new currency is time - the most important 'finite' currency that's available to human beings.
The concept of money has become so abstracted from both time, and the physical resources it's traditionally represented. I think in the coming decades this abstraction needs to be resolved. If physical resources are are to play a reduced part in economics due to necessity - I think that latter logically needs to step to the fore and be considered as more important.
It would lead to a fundamental shift in the way we all function on a day to day basis - and I think the change would be entirely positive.