The vast majority of individuals and families are also in debt, or they are just breaking even, and unable to save or invest for their future.
Two and a half billion people struggle just to survive every day, and around 20,000 people, mainly women and children die of hunger or preventable disease daily.
Climate change is now recognised as the biggest threat to our survival, and so this week the Presidents of the two largest global economies and two of the greediest polluters on our planet, the United States of America and China are meeting over a banquet fit for kings to discuss forging a climate change accord in Paris in December 2015.
Reports of their meeting sound similar to a game I played over twenty years ago called “Win As Much As You Can”, a study into the benefits of cooperation and competition. I propose that neither leader has heard of the game, and so has little chance of actually “winning”.
The reason I say this is because the “rules of the game” have changed, the CONTEXT that we live in now has changed, and the strategies that were used in the past only make problems worse, rather than better.
And the “problems” all revolve around what we still call the ECONOMY, or our global economy. Many economists and analysts have reported on the bankruptcy of our global economy … and so here I am focusing on the actual word, “Economy” to see if it reveals an opportunity for a new beginning, a new era that could emerge!
See if you can list ten, twenty or thirty reasons why the economy in your part of the world doesn’t work?
Take a look at the list of antonyms given for the word “Economy” by www.wordhippo.com and you may see that there are at least forty (40) reasons the economy doesn’t work?
Is it attractive or inspiring to you to live your life saving, cost-cutting, showing restraint, being prudent, shrinking, skimping or being careful? Do you enjoy having to budget, looking for the cheap option or the bargain?
The answer for most of us is a resounding “NO, I do not enjoy this lifestyle.”
So is the economy all washed up? You can see what the word “Economy” actually means however not many people know what it means, or actually give it any thought, often because they are busy surviving. I have asked a number of people including young people who are studying finance, economics or accounting what the word ‘economy’ actually means, and mostly I get a blank stare back. Hmmm?
If the economy is “finished”, what are we going to replace it with?
Futurist and author, engineer, architect, poet and inventor Buckminster #Fuller had calculated that by 1970 we had already created technology (machines and software) sufficient to provide a very HIGH STANDARD OF LIVING FOR EVERYONE ON EARTH, higher than anyone had yet experienced but the vast majority of people were still struggling to survive.
In other words we needed to stop wasting our efforts and resources fighting each other and we must now grow each others standard of living and we could quickly ALL be living the lifestyle of a billionaire.
Take a look at the meaning of the word “abundance” and you see wealth, riches, fortune, prosperity, thriving, lavishness and more.
This is now the CONTEXT of life on Earth today, and rather than having economists meagerly we now need abundantists thinking to create ways of distributing and
The main reasons this hasn’t happened yet is because technology is 99.9% invisible … and most people simply do not understand the enormous wealth that is available to us today.
You may already have heard that Google, Tesla Motors and possibly Apple now are testing autonomous (driver-less) vehicles, that are actually safer than a driver operated vehicle. This is one example of a future that is coming at us that requires less and less human effort to maintain thanks to the enormous leverage and power provided in the invisible realm of “software”.
The value that software (invisible) provides is enormous, and it is rapidly freeing humanity from many day to day activities we previously called work.
When you want to purchase something today you no longer get in the car and drive down to the store, or stores, compare the prices and then drive back to the first store to make your purchase. You go on-line, read reviews, check a couple of on-line suppliers or even visit a marketplace that compares the various suppliers prices and make your purchase instantly, sometimes receiving the item within a few days from around the world.
Watch this short video on Bloomberg Business and see how increased trade enhances the health of countries, and it makes sense that if the items (products and services) traded actually have real benefits (ie they add wealth or ‘life support’) then this added trade will greatly enhance lifestyle. It will cause an upwards spiral of wealth creation resulting in a ‘billionaires lifestyle’ for everyone.
Two of the most recent beneficiaries of this wealth creation are the 34 year old Australian co-founders of a Sydney based software company #Atlassian. It is worth pointing out that they have complied with the Generalized Principles – they built a very attractive (gravity) product, and they leveraged it to over 35,000 companies, very impressive achievement in just twelve years.
I can only imagine that the words used to describe Atlassian more likely come from the “Abundance box” above and not the “Economics box”, and co-founder #Scott Farquhar says that a critical part of the company’s success is due to the culture of being the future they seek rather than maintaining the past.
To place some perspective on the power of leverage in particular … a salaried employee earning $100,000pa and saving $20,000pa would take around 50,000 years to save $1billion. This could be cut down to say 10,000 years with some good investment strategies.
Take Atlassian as an example of a wealth creation company (which it is) and the average value of this wealth over all it’s 1,000 staff would be approximately $2million each. Wow … and the company is growing at 40% pa.
In GRUNCH of Giants R Buckminster Fuller said
Land “ownership” and it’s omni-dependent comprehensive thing-ownership involvements and their legal-documents-per-petuations constitute the largest socioeconomic custom error presently being maintained by a large world affairs-affecting segment of humanity.
Nothing new about that. But what is new is that humanity has gone as far as it can go with this significant error and is in final examination as to whether it can free itself from its misconditioned reflex straightjacket in time to pull out of it’s greatest-in-all-history, error-occasioned tailspinning into eternity.
We do have both the knowledge and the technical means to do so if we do it quickly enough. That is what this book is all about.