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Date: 2024-08-16 Page is: DBtxt001.php txt00001683 |
Technology, Society and Economy |
COMMENTARY |
Documenting the emerging economy ... How Optimism Got Baked Into The Recession IMAGE Image by David Armano via Flickr Fascinating to see this week’s Techonomy conference lead with the issue of optimism and technology. Of course technology is important but I think optimism has been baked into the recession from the very beginning and the reason is not technology – it’s people. Curiously, the recession to date is a triumph of new, or revived, social values. Protest is either weak or non-existent. We’re witnessing instead the growth of an intelligent, hard-edged mutualism driven by an astonishing group of young entrepreneurs. They are bringing a social layer back into wealth creation, not necessarily for ideological reasons, though ideals do count, but because that’s where new opportunities lie. Out with the old capitalism, in with the new. The social layer is giving individuals new ways to counter the impact of today’s strange economics. And an older cadre of people is chipping in, adding strong values to a smaller version of capitalism. Here are three reasons to be optimistic without ignoring the downside of recession:
#1 Young entrepreneurs know how to build and exploit the social layer: I happen to love what they are doing – both the young entrepreneurs and those who are bringing values back in. I would love also to hear from you if you have other examples. But here’s a question too: Do you feel optimistic or pessimistic? Follow me on Twitter @haydn1701 |
Haydn Shaughnessy, Contributor
11/16/2011 @ 6:43AM |
The text being discussed is available at http://www.forbes.com/sites/haydnshaughnessy/2011/11/16/how-optimism-got-baked-into-recession/2/ |
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