Impact

..we can do our own research within the current economic meta but then we don’t trust others’ claims. We can also choose to blindly trust others’ claims within the current meta, but then we won’t really know the facts. Or, if we didn’t have an adversarial economic environment, we could trust others’ claims and have a high degree of certainty that they are factual.

This situation is clearly unsustainable, but how can we solve this trilemma? Obviously what we want is an environment where we can trust the products we use and the source of info we consume. By simply having reliable media sources we can make more informed decisions about what products we consume. And if we’re more informed, producers will have the incentive to create products that align with the interests of consumers, instead of solely focusing on profits.

So how do we change the meta for our information environment? (Part III)

Changing the meta starts with changing the economic incentives; if journalists are paid based on the value of their reporting to the public interest, and not the engagement their content gets, they’d have an incentive to report the facts

Then, if the incentive structure is transparent – if it’s built on the blockchain (so anyone can review the code) & the mechanism is easy to understand, then you can have a completely different meta

Anyone can then “DYOR” on the incentives, and then have a lot more trust that the information is credible and independent of hidden interests.

Once you have credible info you can have news that’s meant to inform you, pharma companies that are focused on making drugs that actually help people, a food industry that’s focused on nutritious produce and so on. 

But it all must start from an information economy where the meta is aligning profit w value for the public interest. (Part IV)

Full article 👇

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Abundance Economy book: book.abundance.id

Changing the meta starts with changing the economic incentives; if journalists are paid based on the value of their reporting to the public interest, and not the engagement their content gets, they’d have an incentive to report the facts

Then, if the incentive structure is transparent – if it’s built on the blockchain (so anyone can review the code) & the mechanism is easy to understand, then you can have a completely different meta

Anyone can then “DYOR” on the incentives, and then have a lot more trust that the information is credible and independent of hidden interests.

Once you have credible info you can have news that’s meant to inform you, pharma companies that are focused on making drugs that actually help people, a food industry that’s focused on nutritious produce and so on. 

But it all must start from an information economy where the meta is aligning profit w value for the public interest. (Part IV)

Full article 👇
https://paragraph.xyz/@abundance/why-we-need-a-new-economic-meta

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