Oct 1, 2023·edited Oct 1, 2023Liked by IDEX Accelerator
Frugality is indeed a valuable skill, but the very structure of our current economic system makes it hard to scale this virtue up because the current mode of operation is all about maximizing company profit, shareholder value and ROI for the investors.
Now a (long foreshadowed) recent development is that machines are catching up fast to human skill level which means within only few years, human beings will not be competitive economically on any field.
That is an opportunity to establish an entire new paradigm into our economic schemes: cooperation instead of competition. A cooperative open access economy with non-transactional distribution of goods and global, decentralized resource stream coordination. Clever (frugal!) automation, the open-sourcing of all technology and active transfer of best-practice know-how will enable the decoupling of human work from survival. Only then will be to reach a truely sustainable steady-state economy and slow down life on this planet enough to allow us mortals to heal, flourish.. and prepare for the singularity. My hope is that life in India as anywhere else will be transformed to become less of a grind and more of a journey of hope and human development. Frugality will then become natural again to our civilization and people will appreciate living with less consumption and worries.
Frugality is indeed a valuable skill, but the very structure of our current economic system makes it hard to scale this virtue up because the current mode of operation is all about maximizing company profit, shareholder value and ROI for the investors.
Now a (long foreshadowed) recent development is that machines are catching up fast to human skill level which means within only few years, human beings will not be competitive economically on any field.
That is an opportunity to establish an entire new paradigm into our economic schemes: cooperation instead of competition. A cooperative open access economy with non-transactional distribution of goods and global, decentralized resource stream coordination. Clever (frugal!) automation, the open-sourcing of all technology and active transfer of best-practice know-how will enable the decoupling of human work from survival. Only then will be to reach a truely sustainable steady-state economy and slow down life on this planet enough to allow us mortals to heal, flourish.. and prepare for the singularity. My hope is that life in India as anywhere else will be transformed to become less of a grind and more of a journey of hope and human development. Frugality will then become natural again to our civilization and people will appreciate living with less consumption and worries.
Best Regards from Dresden, Germany! ; )