What are young adults thinking about money and value? How can we create new systems of wealth generation and abundance? What does the future hold for banks and other financial institutions in the wake of massive peer to peer exchange?
This interesting piece from Vanessa Miemis draws upon the thinking and ideas of a global community – and scratches the surface on how social or people-powered innovation is impacting currency.
Basing credit on an individual’s potential rather than on their current capacity to repay the debt seems to be the starting point (or one of many). This would see banks and lending institutions acting more in the role of personal venture capitalists. But I wonder, how would this change if it was backed by a government? What would our economy look like if the government invested in innovation by investing in individuals? Would this venture-capital-backed citizenship change our role in society?
Right now, in Australia, individuals at least partly invest in their own future/earning capacity through HECS (higher education contribution scheme). But university is often just provides a basis or platform for individual innovation. It’s those crucial two or three years after university where innovators struggle with bringing their ideas to market.
Perhaps the rise of crowdsourced funding models such as Kickstarter or Fundbreak (closer to home) is being driven by this social demand. But what happens when this demand becomes contagious? How does it scale? Perhaps then we really will need to understand the future of money.
The Future of Money from KS12 on Vimeo.
Featuring (in order of appearance):
Edward Harran, Attention Philanthropist edwardharran.posterous.com
Caroline Woolard, Our Goods ourgoods.org
Alan Rosenblith, Director, The Money Fix themoneyfix.org
Hans Schoenburg, Founder, GiftFlow giftflow.org
Ashni Mohnot, Founder, Enzi enzi.org/index.html
Linus Olsson, Founder, Flattr flattr.com
Jerry Michalski, Founder, Relationship Economy Expedition therexpedition.com
Georg Zoche, Founder, Transnational Republic transnationalrepublic.org
Fernanda Ibarra, Advocate, Metacurrency Project metacurrency.org
Jessica Harris, One Blue Dot Share Networks onebluedot.org
Michel Bauwens, Founder, P2P Foundation p2pfoundation.net
Douglas Rushkoff, Author, Program or be Programmed rushkoff.com