Economic Weirdtopia: The economic order of the world has been completely re-arranged. Intellectual Property is the new Oil, Gold, and Food Grain all rolled into one. All natural resources that is found in any one geographical territory is automatically donated/dumped/transferred to a large holding by means of “fancy modern technology”. This is done not simply because all countries have banded together to form a socialist unified globe, but because countries are equally keen on avoiding the paradox of plenty.
The global bodies such as the World Bank are overwhelmed with the amount of work they have to do, more specifically computing the value and contribution of each idea that each individual has made to the world. The two key economic schools are (a) those that believe a piece of IP should be accorded a value only based on what it can immediately accomplish, and (b) those that believe that any future ideas that may arise out of one particular idea should be included in the valuation of any one particular idea. Naturally, one limitation/criticism of school (b) is that it favours early filing and is biased towards idea that had been recorded earlier.
Trade barriers exist only with respect to technologies , but not the underlying materials that is used to create those technologies in the first place.
The world is no longer lacking for any basic needs, poverty and world hunger have been successfully eliminated, but there still exist international organisations whose prime function it is to ensure that every individual has a square meal at least three times a day. Unfortunately, the balance of credit is such that any attempt to dissolve these institutions or alter their ownership/functionality in any way carries the very high (and very probable) risk of having the entire system collapse in on itself. Indeed the world reached this phase only with all nations (the ones that survived from this day) pledging support and interest to these supportive organisations.
It is very unlikely for a single individual to amass any amount of wealth with which he might actually make a difference to the world, and stories such as those of the Oracle of Omaha have become stories of an unimaginably tall order, which a lot of the world’s population dismisses as “mythology”. However, any individual ambition can always be gratified as most people receive credit for the ideas they generate.
Economic Weirdtopia: The economic order of the world has been completely re-arranged. Intellectual Property is the new Oil, Gold, and Food Grain all rolled into one. All natural resources that is found in any one geographical territory is automatically donated/dumped/transferred to a large holding by means of “fancy modern technology”. This is done not simply because all countries have banded together to form a socialist unified globe, but because countries are equally keen on avoiding the paradox of plenty.
The global bodies such as the World Bank are overwhelmed with the amount of work they have to do, more specifically computing the value and contribution of each idea that each individual has made to the world. The two key economic schools are (a) those that believe a piece of IP should be accorded a value only based on what it can immediately accomplish, and (b) those that believe that any future ideas that may arise out of one particular idea should be included in the valuation of any one particular idea. Naturally, one limitation/criticism of school (b) is that it favours early filing and is biased towards idea that had been recorded earlier.
Trade barriers exist only with respect to technologies , but not the underlying materials that is used to create those technologies in the first place.
The world is no longer lacking for any basic needs, poverty and world hunger have been successfully eliminated, but there still exist international organisations whose prime function it is to ensure that every individual has a square meal at least three times a day. Unfortunately, the balance of credit is such that any attempt to dissolve these institutions or alter their ownership/functionality in any way carries the very high (and very probable) risk of having the entire system collapse in on itself. Indeed the world reached this phase only with all nations (the ones that survived from this day) pledging support and interest to these supportive organisations.
It is very unlikely for a single individual to amass any amount of wealth with which he might actually make a difference to the world, and stories such as those of the Oracle of Omaha have become stories of an unimaginably tall order, which a lot of the world’s population dismisses as “mythology”. However, any individual ambition can always be gratified as most people receive credit for the ideas they generate.