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Amateur Researcher , Looking for an opportunity

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Isn't human skill a more tangible currency than trust in the new economy?

In the Rachel Botsman's talk, she makes an observation about two things essentially: "the new economy" and "the currency" it operates on. Before going further I thought I will first understand the current status. In today's economy currency is the medium of exchange between production and consumption and is based on natural resources of energy and their trade among countries.

In order to understand "the new economy" I looked around on ted for some help and I found that in one of his talks Yochai Benkler observes that "Social production is a real fact, not a fad. Social relations and exchange become significantly more important than they ever were as an economic phenomenon" because " computation storage and communication capacity are in the hands of an ever growing number of users and these activities are the core basis of an information economy." I realized that internet is the driver of the new economy where production and consumption is driven socially.

In another talk Don Tapscott opines that sharing, collaboration, transparency and empowerment are the four principles of the open world.
After having learnt about an open economy in the open world I concluded that the new economy will have the similar dynamics. And I tried to scale the theory to the real world today as the context of interaction are about the real time environment.

In reality today production is less than consumption. And as the new economy is opined to be predominantly social. It will be safe to assume that social interactions will drive our interaction with our natural environment.

At a global scale this means skill set sharing will not be limited to services but will be extended to products. Since energy is the core basis of all and any product the future indicates multi-national energy sharing.

And in that case the only thing that will matter is being a user. Human resource will be globally sourced will A human skill set is thus I believe the currency of the new economy


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  • Nov 2 2012: too much of advancement gave path to dishonest means to raise wealth. as on today the crooked most will win the market. every one wants to be wealthy with out efforts. since rarity lost its axis. the commercialized world is connected with machines. the human relations are lost. reliability of humanity and machine is well clear. communication skills, centralized air condition administration institutes are good example of degenerating factors in intellectual sphere. almost all business shots are born with golden spoon. their grand old paas have earned with sweat besides many adverse conditions. we lost the grip on literal world. education has become a tool of money earning. whole planet is dwelling around earning. the basic purpose of living is lost. i being a consumer suffered a lot/suffering due to moderators instead human mind to solve my problems.

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