From The Huffington Post
These articles are part of a series of twelve over the next three weeks written for The Huffington Post by Don Tapscott and Anthony D. Williams, authors of the newly released book Macrowikinomics: Rebooting Business and the World. The book is receiving a lot of buzz. Mark Parker, the CEO of Nike, calls it “A masterpiece. An iconic and defining book for our times.” The Economist says it’s “a Schumpeterian story of creative destruction.”
The book argues that many of the institutions of the industrial age have finally come to the end of their lifecycle, and now being reinvented around a new set of principles and a networked model.
- Macrowikinomics: Wikinomics Meets the Energy Grid
Humanity’s ability to transform raw materials into energy powered the rise of modern civilization and shaped the fortunes of nations throughout history. James Watt’s steam engine triggered the industrial revolution in Britain and ushered in a period of enormous technological, social and economic transformation. Roughly a century later, the invention of electricity and the eventual electrification of factories brought large-scale business enterprises and double-digit increases in productivity that transformed the United States into the modern economic powerhouse.
- Macrowikinomics: Privacy in the Age of Facebook
Every business needs to design privacy principles and practices into their operations. An excellent candidate for such a process would be Facebook, because there’s no doubt its Achilles heel is privacy.
In the past we only worried about Big Brother governments assembling detailed dossiers about us. Then came what privacy advocates called Little Brother — corporations that collect data from their customers.
Companies such as Amazon want to know more and more about what makes each of us tick — our motivations, behavior, attitudes, and buying habits. The good news is that they can use this intimate knowledge to give us highly customized services. The bad news is that once these digital mirror images are compiled they are rarely, if ever, deleted. They can be used inappropriately and even end up being sold to third parties. Read More
- Macrowikinomics: Journalism in the Age of Collaboration
The new media is threatening journalism. The continuing collapse of many newspapers in North America — 70 in the past decade — is a storm warning of more to come. Magazines are in trouble, too, and your favorite has probably never had such a dearth of advertising.
It turns out people will not pay for news as a commodity. In an age of Twitter, bloggers, WikiLeaks and social networks, people can find the news without buying a paper. As one youngster said, “If the news is important it will find me.” Read More
- Macrowikinomics: The Citizen Regulator: Increased Citizen Participation Adds Muscle to Traditional Regulatory Systems
The Obama administration has a novel idea: Who better to police the financial institutions that gouge American consumers than the consumers themselves?
Recently Elizabeth Warren, architect of the new U.S. Bureau of Consumer Financial Protection, said the government will use the latest crowd-sourcing technology to collect tips from millions of consumers about deceptive new financial practices, from misleading mortgages and improper “gotcha” fees on credit cards to outright fraud. Read More
- Macrowikinomics: Thriving in the Age of Hyper-Transparency
The arrest of Julian Assange doesn’t change the new reality faced by governments and corporations that have always craved secrecy. Even if Assange is put behind bars for an extended period, others will be happy to take his place. Think of the whack-a-mole game at the arcade. Hit one on the head and another will pop up.
The WikiLeaks episode is just a hint of the world to come. We are entering an era of hyper-transparency. Courtesy of the Internet, people everywhere have at their fingertips the most powerful tool ever for finding out what’s really going and informing others. They are gaining unprecedented access to all sorts of information about governments, corporations and other organizations in society.
Macrowikinomics: Beyond Superman to a New Model of Education
- November 16
The film Waiting for “Superman” has sparked heated discussion about the failures of the U.S. public school system, and more broadly with public education everywhere. The movie argues that teachers are at the center of the problem and that the solution is charter schools.
But it’s wrong to blame teachers, who overall are a) underpaid, and b) striving to do the best with the limited resources they are given. Nor does the research show that charter schools achieve better outcomes.
The root of the malaise in our schools is the outmoded model of pedagogy. Teachers and text books are assumed to be the source of knowledge. Teachers “teach” — they impart knowledge to their students, who through practice and assignments learn how to perform well on tests. Read more
- Macrowikinomics: Opening The Kimono On Climate Change
“In an economic and political environment where progress on global warming seems to have ground to a halt, climate change advocates in America are wondering how to move forward. A Republican-controlled House surely spells doom for climate change legislation and other measures that could stimulate the green economy. But those who support taking action on climate change should not be discouraged. Around the world there are already hundreds, and probably thousands, of collaborations occurring; everyone from scientists to school children are mobilizing to do something about carbon emissions. And the most forward-looking political leaders recognize that amplifying these grassroots energies could be our best short-term hope for meaningful action.” Read more
- Macrowikinomics: Time to Stop Tinkering, Time for Collaborative Health Care
“Now that Republicans control the House, they will try to roll back ObamaCare. The president has said, understandably, that he will resist vigorously. But for all its sound and fury, the debate over ObamaCare is distracting us from a more important discussion: the basic model of health care is no longer viable. Indeed, both parties have different views about funding models, when evidence suggests that only much deeper changes in how we manage our own health and well-being can prevent spending from spiraling out of control.” Read more
- Macrowikinomics: Rebooting the Economy
“Arguably, we’ve been in this slump for a decade. We just didn’t know it. Booming house prices and the massive expansion of cheap credit made a lot of us feel rich as kings. Now that the jig is up it’s clear that the housing bubble was masking a dark economic picture… Let’s use this opportunity to rethink and rebuild many of the organizations and institutions that have served us well for decades, but now have come to the end of their life cycle. If we do this there can be growth, jobs and a new time of prosperity.” Read more