Yule Heibel's Library tagged capitalism → View Popular

Filter:
All
Annotated

09 Dec 08

Extracting Value From Free | PSFK

Can't sell copies of anything anymore if it's easy to make copies. So what's left? "[Kevn Kelly] sees the solution to this conundrum hinging on being able to identify qualities that themselves can’t be copied and believes we must do this from the perspective of a user. Kelly refers to these as “generatives” - things that are better than free."

www.psfk.com/...cting-the-value-from-free.html - Preview

psfk kevin_kelly capitalism economics web_2.0

- Immediacy
Personalization
6 more annotations...
- Interpretation
- Authenticity
- Accessibility
- Embodiment
- Patronage
- Findability

How To Be a 21st Century Capitalist - Umair Haque

Haque makes a case similar to "Natural Capitalism"'s - if you capitalize what's currently expended (as a negative externality, say), you attach "real" value to it.

Some interesting points/ questions, too:
QUOTE:
Capital deepening is the foundation of next-generation value creation. Why is capital deepening so important? The reason that capitalism can destroy the world is that most of the world doesn't exist in an economic sense. And so when we capitalize rainforests, endangered species, community, the foregone opportunities of the poor, our own well-being - then they will finally have value: they can finally be priced, and so the fatcats of the world won't be free to destroy them with impunity.
(...)
Today's so-called capitalists are anything but: mostly, they're charlatans, impostors, and poseurs. But today's most radical innovators are revolutionary, ironically enough, because they are learning to be genuine capitalists once again - capitalists in the 21st century sense of the word. They are discovering how to create value by growing new resources composed of social, natural, human, and cultural capital. By doing so, they are pumping new blood into capitalism's failing heart.
UNQUOTE

The bit on capital being a consensus is also thought-provoking.

discussionleader.hbsp.com/...o_be_a_21st_century_capit.html - Preview

umair_haque capitalism economics

So here's what 21st century capitalism looks like.
20th century capitalism, in other words, marginally valued pure financial capital too highly, while marginally valuing human, natural, social, and cultural capital at zero - or, at the limit, negatively.
8 more annotations...
- Reigniting global growth depends on deepening the global capital base.
- Capital deepening is the foundation of next-generation value creation.
- The reason that capitalism can destroy the world is that most of the world doesn't exist in an economic sense. And so when we capitalize rainforests, endangered species, community, the foregone opportunities of the poor, our own well-being - then they will finally have value: they can finally be priced, and so the fatcats of the world won't be free to destroy them with impunity.
- Next-generation businesses are built on next-generation assets.
- Next-generation businesses are critical because next-generation assets are the key to rebalancing capitalism's toxic value equation. Bailing out the same old assets, building roads to nowhere, or subsidizing overconsumption - none of those are necessary or sufficient to reignite global growth. Ultimately, only next-generation assets can redefine how productive capitalism can be in the 21st century.
- Capitalize something. Here's one of the commandments of next-generation business: capitalize something. That's how a new generation of entrepreneurs will kickstart next-gen businesses and make their fortunes.
  
  Today's so-called capitalists are anything but: mostly, they're charlatans, impostors, and poseurs. But today's most radical innovators are revolutionary, ironically enough, because they are learning to be genuine capitalists once again - capitalists in the 21st century sense of the word. They are discovering how to create value by growing new resources composed of social, natural, human, and cultural capital. By doing so, they are pumping new blood into capitalism's failing heart.
- Capital is a consensus.
- Want to capitalize something? Start a movement and build a consensus. Capital is formed when people are willing to agree that something has value.

01 Aug 08

RConversation: Silicon Valley's benevolent dictatorship

I posted this to my Facebook "notes" already, but it's such a great piece it needs to go on Diigo and the blog, too.

A must-read, especially for "the rest of us," analysis and commentary from Rebecca MacKinnon on what it was like at the July 08 FutureBrainstorm Tech conference at Half Moon Bay in California...

Among the things MacKinnon discusses, there's the question of what might happen to internet freedoms in some (engineered or actual) post i-9/11 "event".

And of course there's the matter of "benevolent dictators," which her title already alludes to. The "benevolent dictators are the guys currently running the major internet apps / venues. Reading MacKinnon's article, I was reminded of early "cradle to grave" type paternalistic capitalists -- for example, the people who ran Beverly, Mass.'s United Shoe Machinery Corporation, the first-ever company named in anti-trust suits way back in the very early years of the 20th (!!) century. Notably, not all mid- to late-19th and early-20th century capitalists fit the bill of the caricatured "Robber Baron" -- some were "benevolent." (Or paternalistic.) But when push came to shove, it didn't last.

Neither will this model?

rconversation.blogs.com/...silicon-valleys.html - Preview

rebecca_mackinnon web_2.0 capitalism business democracy socialcritique

It was pretty clear that the CEO's, tech entrepreneurs, and venture capitalists whose lives and businesses revolve around Silicon Valley really do view the world in two parts: The Valley and Everybody Else - with the latter in concentric layers of tech-unsavvyness, remoteness, non-English-speaking-ness and primitiveness.
As author Rebecca Fannin pointed out on the Huffington Post, even China was barely mentioned: "Why was China ignored in the panel discussions? First, it's far away. Second, and more importantly, Silicon Valley is in a state of denial."
5 more annotations...
- I was struck by the assumption permeating many discussions at Half Moon Bay: that communications technology (mainly, the internet and mobile devices) combined with capitalism will inevitably make everybody in the world more free. Just by virtue of being deployed as broadly as possible. Thus, as these people continue to make millions, they are also saving the world. Which makes them all feel terribly good about themselves.
- Lessig predicted that the U.S. government will eventually find an excuse (perhaps after some kind of "i-9/11" attack) to clamp down on Internet freedoms in the United States - with the implication that law-abiding U.S. Internet and telecoms companies will have little choice but to go along with it (nor can we be very optimistic that Congress will let us sue these companies for helping the executive branch infringe on our constitutional rights).
- Joi warned that not all kinds of capitalism lead to greater freedom or spread wealth and opportunities to everybody. "The capitalists aren't really that helpful, generally," he said. It depends on the business model deployed which really depends on the social intentions of the people running the business, and how much they care about long-term social and political repercussions. "We're forgetting that we had to fight to create an open Internet." Venture capitalists, he said, "assume that the Internet just works... that's very irresponsible," and they're not thinking about how specific business decisions impact overall levels of freedom, openness, and inclusion.
- His point is that we have come to depend way too heavily on a small number of Internet and telecoms companies to conduct the most private and intimate details of our professional and personal lives. As long as those companies have values aligned with our own and are run by people we think have integrity, we don't see a huge problem. But what if the values cease to be aligned or political circumstances change?
- The guys running Google, Apple, Microsoft, and many other companies represented at the Fortune Brainstorm are the benevolent dictators of the global information and communications system. But can we assume they will always be benevolent? What happens when they roll out services in not-so-benevolent authoritarian regimes? We need to push our service providers to be honest, transparent and not screw us over, which is why I've been involved for the past two years in developing a corporate code of conduct for free speech and privacy (which is likely to go public sometime this Fall). But that's not enough. Power over our communications and identities is much too concentrated in the hands of people who are more accountable to v.c.'s and shareholders wanting profits than to users who want their rights and interests protected. We need to have more choices - which should include plenty of non-proprietary, grassroots, open alternatives.