New economic system
The current market model of our economic system suffers from an aging problem. Whereas, up until this past century we've been able to get-on as a society by continuously expanding into new territory to create the constant drip of new value, that model is drying up and a study of ways to actually create value and wealth are needed. Additionally, there are long-standing imbalances which need corrected.
To be sure, this project isn't necessarily intended to replace the current market system so much as to *fulfill* it. If the current market system is the (blocked-artery) circulatory system, requiring physical transport of nourishment, this project is its nervous system, linking knowledge. Its end result? A unified Body of Mankind.
Clearly, increasing circulation alone (in the Old Paradigm solution of greater GDP) isn't enough and our economy will continue to languish until there are fluid ways to foster the creative groupings of the human spirit. This is beautifully demonstrated in the geometric escalation phenomenon known as Reed's Law. Pangaia and the Santa Fe Complex will be the first to effectively implement it.
Consider this: our current economic system has no way to gauge interest. You vote (or not) on whether you purchase something. It's an all-or-nothing vote. The internet allows the expression of individual interests in ways that would otherwise require marketing surveys. This makes the circulatory system sluggish as the threshold to participation is too high. The multi-scale voting model allows both....
It can be said that profit (that isn't self-re-investment) is an indirect measure of the amount of distrust in one's fellow man and/or the world-at-large. In other words, it is a measure of pessimism and where's the value in that? Building a system where we can form groups based on shared-values will foster trust and naturally shift the market into a gift and barter economy -- closer to a natural ecosystem and what everyone ultimately values.
To wit: One doesn't try to profit from family members; extend that to the global village (which the internet now makes a real possibility) and you have proof-by-induction.
This system feeds the human spirit. It reduces the obstacles for trade and well as creating a new economy that sits orthogonal to the existing one. It is unhindered by history. It nurtures the creative spirit by its very design, much like the wiki: Everyone owns it! But each contribution is given fair credit assignment and like an idealized market, unbiased feedback is given on any contribution. This is the ideal of capitalism, but it suffers from the massive inertia of familial conquests and preferential treatment of the centuries (in other words: old and irrelevant groupings). The mere accident of birth determines where you start in the game besides the information imbalances which make the ideals of capitalism impossible. As it is orthogonal to our existing system, pangaia forms the horizontal axis to our current system's verticality.
The Internet solves the issue of transparency, now it only lacks a way of creating the meritocracy, unhindered by geography and such. This project will fix that. Are you ready for it?
Long live the Creative Class!!!