Idea I am getting from this article is, the incentive need not be monetary, it can be something else.
People who join to make the world better for the future, think in terms of giving back. While people who join to make profit think in using the humans rather than helping them.
Today, MIT Labs is Democratising capitalism through Technology that helped it till date. How is that possible? Because some people thought Money, is a medium to make the world happier. It is a glucose for the masses to feel energetic rather than alcohol that is used to get drunk.
One of the biggest innovations of the 21st century is a legal one: the public benefit corporation (PBC for short), which allows for such test to be embedded in the foundational documents (the charter and bylaws) of a corporation. As such, it does create a test that balances financial reward with social responsibility.
This is probably the largest single threat as some of the biggest concepts are never easy to commercialize at first. This is where the role of government is key as it allows pure research to happen and create benefits for all mankind. The undermining of government funded research over the last 40+ years is probably one of the biggest loss we will have to worry about in the future. As I look at this screen, I am amazed by the amount of government funded work that allowed for us to converse (from the US government funding of the Internet, to the European government funding of Tim Berners-Lee’s work to bring us the web, to the international community of research that brought us computers and modern communication protocols and technologies…)
The paragraph beginning “Disinterest in social welfare did not happen overnight.“ is not accurate. It reveals a common misconception about the Nordic countries. See, e.g., https://www.forbes.com/sites/jeffreydorfman/2018/07/08/sorry-bernie-bros-but-nordic-countries-are-not-socialist And the idea that greed is a post-WWII phenomenon in the US is simply silly. It also contradicts the “First” argument, which lists the contributions of Bell Labs, etc. in contrast to Apple. Co-operation is obviously important, but greed is a fact that cannot be eliminated simply by condemning it. Who were the people who kept Shannon on the payroll at Bell Labs despite his not producing work that was of immediate value to the lab? Are there not people like that around today?
Not everything is bad. I am a fan of Open Source Software and now Hardware, thanks to Rohit Fenn and his passion for open source projects. Here is one of the projects he is working on. https://vimeo.com/199622324
This is one of the greatest threats to our future. We need to have more innovation that has social impact from both a cultural and economic prospective. Many of these sentiments are aptly discussed in Tim O’Reilly’s WTF. There is a need to think big but also think big to yield greatest societal impact. Unfortunately, only a handful of the best investors are looking for this result. The rest are looking for high returns.
I feel, like for most things in life, balance and optimization of multiple ideas and ideologies is key. Too much of one side - capitalism or socialism would lead to such famine.
‘Social Entrepreneurship’ is one answer that i have seen in US which is bridging some gap for this famine. One example is ‘altschool.com’ that is working at the grassroots level to bring big and positive changes to the overall K-12 education system ensuring each kid reaches their maximum potential in life.
As an extension i think ideas like MIT Media lab should be brought into our High Schools and kids should be encouraged to work on their ‘big ideas’ as early as possible.
The aim / objective of any K-12 school system should be to continuously and actively ‘HELP’each student discover their core passion by providing several project based discovery paths while they are in elementary & middle school and help them narrow down to 2 paths when they enter as freshmen in high school and finally to one CORE area in their Junior year where each student would work with a group of like-minded classmates / partners to complete a commercially viable (real-world) solution to a ‘Big Idea’. This project success should serve as the High school Diploma for them. The school system should ensure full process support to kids via resources & mentor-ship during this process.
I think changes in our K-12 education system at such grassroots level are needed to deal with this famine we face today.