Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I use Pirsig's MoQ to help explain what I see as an emergent phenomenon. I can see that it works, but cannot explain why.

The current system is based upon thinking of "Money" and "Property" as "objects", and also upon "absolute" property rights.

Perhaps the key point is the role of Time in all of this.

Current financial and property rights are split as between two absolutes: absolute permanent infinite ownership on the one hand, and temporary "use", for a defined finite term, on the other.

The use of the Open Corporate as a vehicle for encapsulating the property relationship (the relationship between the subject "owner" and whetever is the object of his "ownership") allows an entirely new property right of indefinite duration.

We may now, using this approach, synthesise the conflicting legal claims of Secured Debt and conventional Equity into a simple new continuous asset class consisting of "nth's" in ownership of a productive asset, and its production.

Moreover, that that production may then be "unitised" using time as a divisor eg KiloWatt/Hours; SquareMetre/Years.

I have used the Mobius strip as an analogy to try to illustrate the continuity over time inherent in the model.

But the beauty of it is that it's not a matter of either this model or the existing one. This new model is complementary to the existing one, and will, IMHO both assimilate it and render it obsolete. I am not saying that every enterprise need be an LLP or LLC, but rather that those which do not become members of networked LLP and LLC frameworks will be at a competitive disadvantage to those that do.

The existing "closed" Capitalism will consume itself.

I find it difficult to explain all this: much is intuitive; but I know based upon a career in financial services at a pretty high level and a track record in financial innovation, that what is emerging will wipe the floor with everything else out there.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Jan 2nd, 2008 at 08:37:24 AM EST
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I know that what is emerging will wipe the floor with everything else out there.

And my gut says you're right.

Truth unfolds in time through a communal process.

by marco on Wed Jan 2nd, 2008 at 10:51:43 AM EST
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