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Economic Evolution

The Matrix of Economic Evolution

In observing our current economic model, the neoclassical capitalistic model we are observing not only in the West, but in other parts of the world as well, we can conclude that it is not sustainable. This lend to much research as to what other models would work and to identify the evolution of economies so as to observe a pattern therein.

Our observations concur with the work by Dr. Otto Scharmer, the worldwide economy has been shifting through different levels, at different speeds in different parts of the world, with some exceptions.

In general, our economic models have been evolving over the centuries..  starting from..

 

Economy 0.0 –  a hunter gatherer of self-sufficiency with communal regard for survival..  to..

Economy 1.0 – Agricultural Revolution leading to state-centric capitalism, using slavery/serfdom, of needs driven authoritarian leadership, currency based on precious metals..  to..

Economy 2.0 – – 1st Industrial Revolution of free market mass consumption, markets & competition, and increasing labour standards, and currency against gold standards..  to…

Economy 3.0 – 2nd Industrial Revolution of automation, networks and negotiation, and increased labour security, non-secure financial system.

to…  where to next?

Where The Ecolife Element sees and aims toward is a ..

 3rd Industrial Revolution is the Resilient Economy – with human centric technologies that work with a global viewpoint and with conscious action toward a better collective good of man and environment. Co- creative and collaborative networks sharing common resources using awareness-based collective action. The financial system of transparency, engagement with the community that values localised cultural capital.

Observing trends from society/academia – there is an indication of a shift in consciousness that is heading toward an emerging RESILIENT society…  some of the indicators are:

 

  • The Blue Economy (by Gunter Pauli)
  • The Circular Economy (spearheaded by Dame Ellen MacArthur)
  • The Third Industrial Revolution (Jeremy Rifkin)
  • Cradle to cradle
  • Micro-financing (e.g. Kiva, Grameen Bank)
  • Online Education (e.g. Edx, Udemy, Lynda (LinkedIn)).
  • Self-employment (e.g. Freelancer)
  • Social Networks (e.g. Facebook, Twitter)
  • Rapid Prototyping / 3D Printing
  • Socially Responsible Businesses
  • Car sharing (e.g. zipcar)
  • Impact Banking (e.g. Crédit Coopératif (FR), Bank Australia (AUS), XacBank (Mongolia), Banca Etica (IT))
  • Increase in sustainable farming practices
  • Smart grid
  • Currency and payment options (e.g. Bitcoin)
  • Start-up communities
  • CSA (Community Supported Agriculture)

The list is only a sample of a ever growing set of initiatives.

 

With the economic system identified, we have observed to learn and get inspired by what is around us and by others also on a similar path.

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