Saturday, 20 October 2007
The New Hypereconomics.
Economic systems used to be exclusively rationalised and planned via giant macroblocks of data (income, interest, tax and unemployment).
It said that resources where so scarce that you could have one thing or the other, not both. It viewed national economies as autonomous, where outcomes were predictable and controllable.
But what happened? Well, the world began to interconnect on all levels, plans and markets fragmented, all expectations increased, then demand began to customise.
So the old way of managing and sustaining economies is defunct. The new way, the bright way, is the network way. Where billions-upon-billions of tiny variables chaotically swarm around each other interdependently. Where concrete fiscal value is an effect of synergy amongst such energetic dancing dependence. Where the most significant resources are imagination and knowledge, that are, in effect, limitless in scope and potential. Where your competitors become your partners, your customers, your stockholders all at one and the same time.
Hypereconomics is with us now.