Beyond Capitalism: We’re entering into a new economic system

Excerpted from From artificialvalue.org

As billions of people lack access to value-accruing assets, people will inevitably seek new models of value creation, no matter how outlandish the models may appear in the eyes of economic logic. With critical mass, these new models will materialize as legitimate value creation engines. As the population of internet users increases, this trend will inevitably accelerate, giving rise to entirely new value creation models (and on a frequent basis). The creation and success of cryptocurrencies and the recent unexpected surges in the stock of underperforming U.S. companies like GameStop and AMC (“meme stocks”) demonstrate this. I argue that cryptocurrencies, meme stocks, and the receptiveness to artificial value within WRLDVW constitute new value creation models that do not fit within capitalism, where businesses are the sole engine of value creation and the perceived performance of a business or stock drives investment decisions. This suggests we’re transitioning into a new economic system.

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I offer a solution at artificialvalue.org