A New Kind of Economic Philosophy: Network Economies of Abundance

Blockchain technology, as revolutionary as it is, is perhaps most revolutionary in exposing the corner of a whole new philosophy of economics that can be formulated as a Network Economics of Abundance. Not just a new economic theory, but a new philosophy of economics is required because the entirety of existing economic theory has been constructed around the assumption of scarcity, and reconfiguring our economic thought around abundance instead as a central parameter requires rethinking economics so profoundly as to be a new philosophical position that is outside the field of economics. Thus, it is timely to articulate a Philosophy of Abundance. Many different pieces have been emerging in the world that can be assembled into a description and future vision for this Network Economies of Abundance (Figure 1).

Figure 1: Network Economies of Abundance: A transformational philosophy of economics.

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Shifting from the Labor Economy to the Actualization Economy
First considering Paradigms, two positions can be articulated. First is Traditional Economies. We are familiar with traditional economic models where the organizing parameters are scarcity, control, hoarding, hierarchies, and relationships of power being held over others. The definition of economics concerns the production and consumption of goods and services, and success is measured by output (GDP). The goods and services that are valorized and measured in the formal economy are produced by monetary-based labor.

A second position is Network Economies of Abundance where the organizing parameters are completely reversed. This economics is based on abundance, access, availability, yes-and collaborative willingness, and power shared with others. Network Economies of Abundance are measured in fulfillment; though actualization, connection, purpose, and meaning. In a full, liberation economics, the measurement metrics are self-chosen by individuals and groups. The definition of economics has shifted, away from transactions, even if game theoretic, to interactions. Economics can be seen as a facilitation mechanism rather than a transaction mechanism. Economics becomes a discovery and exchange process, one of interaction, acknowledgement, collaboration, and creation.

Evolving Positions in Network Economies of Abundance

Network Economy: Already in the current world, distinctly different economic models have arisen and co-exist alongside the traditional model. This has always been true regarding the informal sector, and is now more recognizable. One feature that characterizes network economies is a free flow of information, and engaging and interacting with that information, and more generally active participation. Another feature is that there is a mindset shift to access rather than ownership, or at least an attunement to different ownership models, and the notions of rights, responsibilities and stewardship attached to each. There are peer-produced commons goods like Wikipedia, sharing economy properties like Uber and Airbnb, and there is a multi-currency society where other currencies such as attention and intention are monetized. Societal shared trust stems from individual identity being known by others.

Resource Grid Economy: This is what is starting to unfold now, the idea of Ubiquitous on-demand Resource Network Grids, which is fundamental in the mindshift to abundance. More and more resources are becoming fully dynamically available, lurking in the background as a resource blanket, to be called forth on-demand for use at any moment. For example, mind-controlled personalized drones could deliver on-demand items from an intention picked up by personalized QS EEG neuro-hacking rigs or smarthome personalized robots like Jibo, or the Nest. Ubiquitous resource grids are practical, and contribute to the ongoing mentality shift from scarcity to abundance. Time is freed for other higher-level cognitive engagement and enjoyment when resources are always-available on-demand, instead requiring cognitive effort to plan for availability. A simple example is having to know the bus schedule (keeping it loaded in memory) versus walking outside, opening up an app and seeing what bus is next. Societal shared trust is a function of agent reputation.

Crypto-Economy: The emerging crypto-economy uses blockchain technology and cryptocurrency tokens like Bitcoin to automate and facilitate human (and human-technology) interaction patterns. Decentralization as a new organizational paradigm extends our capabilities beyond hierarchical organizational models (both practically and values-wise (e.g.; more autonomy for all agents)) into trustless very-large scale models for coordinating world-scale activity. A million cryptocurrency tokens could bloom as the community token of individual cryptocitizens and groups for coordinating local post-monetary economies like basic income initiatives and demurrage programmable currency redistributions. Cryptographic ledgers could coordinate spot transactions (cryptocurrency) and t+n interactions with smart contracts and autonomous dapp, DAO, DAC, DCO, and datt.co entities and all physical and intangible assets registered as smart property. Societal shared trust is instantiated though smartnetwork consensus, independently non-totalizingly (integrity-preservingly) signed.

Needs-based Economy: A final position in the Network Economies of Abundance could be one in which the focal point is needs, where the needs of all entities readily surface and can be met. A needs-based economy focuses on the most important aspects and deeper level of what occurs in economic transactions. Each entity (person, group, community, country, technology entity) has needs. Some of the most important needs for humans tend to include acknowledgement, connection, contribution, meaning, and action in the world. Economics is a strategy for getting these and other needs met. Smartnetwork code entity DAOs/DACs could unobtrusively orchestrate patterns of interaction among biocryptocitizen agents to maximize needs-meeting, including by registering needs as smart assets to which token is posted to indicate degree of met-ness (basic income smart needs). Another example could be secure user-permissioned cloudmind collaborations with other human and technology entities for the purpose of problem-solving and creative expression. Societal shared trust is a priori, based on agent capacity, in digital society smartnetworks of the future.

Reference: Swan, M. (2015). Blockchain: Blueprint for a New Economy. O’Reilly Media.

Cogntive Enhancement can Integrate Man and Machine

Cognitive enhancement should be conceived as the philosophical issue of the greater subjectivation possibilities for man, as opposed to primarily a bioethical concern. The current world is one in which man and technology are increasingly interlinked. One high-stakes endeavor is cognitive enhancement, of which there are different working definitions. A precise account is that cognitive enhancement is the augmentation of human skills, attributes, and competencies through the use of technology, medicine, and therapy designed to increase human performance capability (Hildt). Another is that it is the amplification or extension of core capacities of the mind through improvement or augmentation of internal or external information processing systems (Bostrom). Another is it refers to any expanded or new capacity of a human being (Buchanan). The salient distillation is that cognitive enhancement is the targeted improvement of natural human cognitive abilities.

The motivation for cognitive enhancement could be twofold. First, there are the obvious practical benefits of improved perception and memory. However, beyond this, more profoundly the reason for seeking improved cognition is the implication that it can facilitate our own growth and development as humans, actualizing ourselves and our potential more rapidly and effectively. Cognitive enhancement is an important topic for investigation because it examines our existence and also the human-technology relation. Increasingly powerful science and technology tools are emerging that may have the potential to dramatically enhance human performance, and perhaps redefine what it is to be human. Technology advances at a much higher rate than man subjectivates, and man and technology are increasingly being integrated together, with technology no longer being seen as an external tool, but as an embedded presence, such that man and technology are co-evolving and subjectivating together. The rights kinds of cognitive enhancement applications might be of benefit for both humans and technology entities, and their potential integration.

References
Bostrom, N., and Sandberg, A. (2009). "Cognitive enhancement: methods, ethics, regulatory challenges." Sci. Eng. Ethics 15, 311–341.
Buchanan, A. (2013). Beyond Humanity: The Ethics of Biomedical Enhancement. Oxford UK: Oxford University Press.
Hildt, E. and Franke, A.G., Eds. (2013). Cognitive Enhancement: An Interdisciplinary Perspective. Dordrecht DE: Springer.

Blockchains as an Equality Technology

The advent of blockchain technology has prompted the questioning of many concepts that have been taken for granted for years such as money, currency, markets, economics, politics, citizenship, governance, authority, and self-determination.

We have become accustomed to the hierarchical structures of the contemporary world. These structures and models were nice advances at the time of their derivation, hundreds of years ago, to facilitate the large-scale orchestration of different operations of society so that life could be conducted in a safe and productive manner.

While serving as a significant node in the overall progress of humanity, the imperfect value proposition of hierarchical models has been waning, and especially rapidly so in the current era of science and technology. Now contemporary information technology is facilitating not just a more efficient life through technology (off-loading both physical and mental drudgery), but also allowing the models for large-scale societal coordination to be rethought.

Large-scale decentralized (e.g.; non-hierarchical) orchestration models like blockchain technology are starting to be available, and this could configure a completely new era in human progress. This is because decentralized models are equality technologies: technologies that allow more possibility for individual liberties, freedoms, rights, actualization, expression, and self-determination than has been possible in hierarchical models. Further, equality technologies imply not just more liberties for individuals and an eradication of illiberty, but a better equalization or calibration of liberties amongst individuals and societies.

It is not that a complete revolution to decentralized models would be underfoot, it is that decentralized models are a striking new entrant in the possibility space of the models for large-scale coordination. The longer-term future could likely be a space where there are many different centralized, decentralized, and hybrid models, and other new forms of models, where the important dynamic becomes tuning the orchestration system to the requirements of the underlying situation.