When Governments Fail, Markets Evolve
Our world governments have failed humanity. Every nation in the world has to do more to avert the darker impacts of the energy crash, and it will be a “Bottoms-up” people’s revolution that kicks business and government into high gear ( I love reading the work of famous dead economists).
As markets are slow-crashing around us, we are seeing America enter into the “Behavior Modification” era of peak oil. We are witnessing people’s consumption habits change, which is reflected in a consumption based currency with values mostly pegged on a framework of continuous growth. Since our economy is contracting, even if the government prints more money into existence, our present value system attached to energy is declining in worth. That means consumption power is grinding to a halt as financial difficulties multiply for Americans and people around the world.
America has been a main prop for globalization. As we restructure our country, the entire global banking system will need to restructure itself, which could mean the breakup of nation states into smaller, more viable and resilient communities. The future is a mashup of everyone’s execution of their visions. How well communities thrive or how bad they fall apart depends on the vision, skills, and ability of the people within that community to cooperatively work together for the greater good. The idea of community is to live a happy life, not just ‘survive’.
This is why I am convinced America will pull through this leadership and economic debacle. Maybe not all of America, but at least those communities with enough people able to tolerate one another trying to learn and adjust to a less energy-intensive lifestyle. For, as capitalism reinvents itself through collapse, the public will learn that markets and leadership fail in order to evolve better solutions.
There will always be markets. Even if everything collapsed and we were pummeled into global human cannibalism, you would still see markets around for trading (trade you two arms for a leg?)
I happen to follow the Social Networking economy very closely. Once ridiculed for predicting the current depression the advertising and media industry are reeling from, now I am sought out as a consultant for how these businesses can thrive in a post-peak oil economy.
Here is the big secret: My company Bright Neighbor has developed a technology (Launching in three weeks!) that will outperform Google, MySpace, Facebook, Meetup, Craigslist, and Evite. The secret is in our company values, our interface, and functionality.
My opinion is that MySpace and Facebook are just toys. As my friend Mark puts it, “They are the modern day inside of a school locker”. They of course, have the ability to change their interface and functions on the fly and present changes instantly to a vast universe of present users. This makes them formidable foes.
As humanity (and especially Americans) come to terms with our global fight-for-oil predicament, it is more modern, innovative local solutions such as Bright Neighbor that will lead the way for better local living. The larger technology companies will either swallow technology-driven, for-profit activist companies whole or assimilate their competitive advantages.
Either way, the market will win where governments have failed – which means we have a real possibility of a peaceful energy transition to much more earth-aligned living styles.
Entry filed under: Activism, Advertising, Consumerism, Economic Collapse, Energy Crash, future, Peak Oil, Solutions, Technology, Trends. Tags: Bright Neighbor, government failure, market failure, Peak Oil, Technology, transition culture.