The next evolution of capitalism

The next evolution of capitalism

How much is Capitalism changing due to the silicon revolution in the means of production. A bunch of books, articles and reviews have been released over the last few months considering the short and long term future of the techno-economy. We are on the cusp of Silicon Revolution’s “Golden Age”, when the people rein in the excesses of the capital market’s hypergrowth excesses. This story was originally created in the Summer of 2015, my hope was to read both “Post Capitalism” and “The 2nd Machine Age” and write a blog on my views as to the nature of the changes coming; but life got in the way. …

Influences on my economics

There are three books which have changed my thinking about economics over the last few years. I originally questioned whether these books are revolutionary but they have added to my thinking in very basic ways. These books all look to address the economics of information, or the wealth unleashed by I.T. and the internet. My thinking about this started in the early 1990’s, Dan Remenyi at Henley Management School introduced me to the ideas that Information was the 4th Factor of Production, that Industrial Age economics was insufficient as it was unable to explain why companies that invested in negative or zero profit IT projects, as measured by ROI, outperformed those that didn’t, and that an industrial age balance sheet was incapable of evaluating an information system asset.

The three books all relate to the evolution of society and its economics, the empowering of knowledge workers and their relationships with Capital, and hence capitalists. …