Distinction in travel journalism
Is independent travel journalism important to you?
Click here to keep it independent

31 Jan, 2012

World Set to Ponder What Next After Capitalism

(PRWEB) January 26, 2012 — The Millennium Project announces its findings from the report “Some Elements of the Next Global Economic System over the Next 20 Years” found in The 2011 State of Future. The following two paragraphs are excerpts from the report:

“Capitalism, socialism, and communism are early industrial-age systems. Surely new systems are possible. Klaus Schwab, Executive Chairman of the World Economic Forum said that capitalism will be replaced by talenism at the pre-conference press conference. The Millennium Project identified and assessed 35 elements or attractors that might make it possible for the emergence of new economic systems to benefit humanity. The new elements do not have to replace previous elements, just as the industrial age did not replace agriculture, but build on the old system. Consider the ‘ownership.’ Our findings indicate that socialism and communism stress public or state ownership, while capitalism favors private ownership. One of the 35 new elements is non-ownership. Who owns open source software and the Internet? No one. So there can be state ownership of the military, private ownership of you home, and non-ownership of the Internet which is one of the most important means of production in the information age.

Innovative thinkers selected by The Millennium Project Nodes around the world (groups of individuals, institutions, and networks) were asked to rate the 35 elements as to how important they might be for improving the human condition, and how could also make things worse. In addition to non-ownership, some other elements were: collective intelligence—global commons for the knowledge economy; simultaneous knowing (time lags changed or eliminated in information dissemination); tele-everything (connecting essentially everything not yet connected); global mechanisms for automatic financial stabilization; artificial life (as computers were a key element in the information economy), synergistic intelligence in addition to competitive intelligence; self-employment via the Internet.”

The full report “Some Elements of the Next Global Economic System over the Next 20 Years” is available in the CD-ROM of the 2011 State of the Future and downloaded at http://www.millennium-project.org/millennium/2011SOF.html

An executive summary can be downloaded by clicking here.