If a particular religious group were to design a society, it would quite naturally reflect the group’s beliefs, which would be seen as the will of the people. The majority of this group would democratically agree that theirs is a good social design. The atheist, agnostic, Hindu, Muslim, and others not represented would naturally object. What is needed is a way to determine the most appropriate direction that will be agreeable to all. As difficult as this may appear, it can be done.
Today, we have a decentralized system of decision-making, and decision-makers are seldom aware of problems in regions outside their immediate vicinity. Those in sub-tropical Florida have difficulty understanding water rights in Arizona. A Berber of Morocco would be challenged if asked to design a health plan that matched the life styles of people in Norway. Each of us must participate, and we need verifiable and current information in order to draw up plans.
When computers have their electrical sensors extended into all areas of the social complex, we will be able to return to successful centralized decision-making. In a global Resource-Based Economy, decisions would not be based on local politics, but on a holistic problem solving approach. Earth and the life on it must be seen as constituting a single system.
This centralized whole system could be connected to research labs and universities, so that all data is monitored and updated constantly. Most of the technology to allow such infrastructure management is currently available. For example, when electrical sensors are extended into the agricultural region, computerized systems could manage and control the agricultural requirements, by monitoring the water table, insects, plant diseases, soil nutrients, and so forth.
Extract from The Best That Money Can’t Buy.
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Frequently Asked Questions
Thanks for sharing to all of you. IoT will change the world it is also time to change the world view.
The free market economy is becoming more efficient as our information exchange methods are becoming faster. Each individual actor can find more data than he could possibly use.
On the other hand, the sheer amount of data now being produced makes it completely impossible or even desirable to make any kind of centralized decisions when it comes to market conditions. Any centralized decision making would be more inefficient.
An example I have read about but no longer remember the exact numbers will be enlightening here. Some years ago, there was a large earthquake that shut down several large copper producing mines. Nobody around the world even knew the extent of the damage for several weeks. The price of copper went up for about 3 days, and other producers announced increased production which lowered the price of copper back to normal in abut 72 hours. Now, all of this was accomplished without knowing how much damage was done. It was all accomplished with the price. There was no copper king or committee or computer program telling anyone what to do. Extreme efficiency with people acting locally with only knowledge of price.