The current financial system has reached the limits of its effectiveness. Interest on debt has exceeded the system’s ability to pay it off. But debt is simply a promissory note on future productivity. The only sustainable way to increase productivity is to innovate. This means that in order to continue printing money, we must increase productivity at the same or greater rate. With a national debt in excess of 10 Trillion dollars, we need to have an extraordinary increase in our current innovation capabilities.
There are three relatively simple web applications specified here which if deployed to social networks will allow human knowledge to become tangible outside of the organizational construct of the traditional corporation. The result will be a comprehensive, diversified, and integrated innovation system locked in a virtuous circle with our financial system.
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