Posts Tagged ‘vetting’

The Social Capital Ecosphere

New options are emerging every day for people to put their money to social purpose. Headlines raise shrill cries to reconsider nearly every aspect of how people act. Climate change, catastrophic floods, green energy, terrorist bombings, regional wars, decaying city infrastructure and neighborhoods, social inequity, impure food, unethical manufacturing of clothing, pandemic risks and other causes challenge our beliefs in traditional institutions as the sole ways of using money and transacting across global markets.

The Economics of Brain Picking

I come across an increasing amount of posts and discussions related to alternate currencies, social currencies, and knowledge as a tangible asset, etc. It is as if people are grappling with something that they don’t quite understand or can’t quite grasp – but, soon will. Really, don’t lose heart – they are definitely on to something.

Where Engagement is Not Optional

Today we see Social Media duplicating many of the functions of earlier society by storing community wisdom, applying social vetting, and deploying social currencies.

Social Media as a Vetting Mechanism

Where the vetting mechanism fails, the system fails. This has happened in countless instances from the current financial crisis to nearly every product, market, environmental calamity, or political failure in recorded history – the referees who were supposed to keep their eye on the ball, did not. Likewise, where a vetting mechanism is effective, the system is efficient.

Draw Your Own Conclusions

Then Robert walked around the corner. He stood next to me, applied a menacing grin, and starred my oppressors down. After a few moments, he walked away without saying a word.

Fighting Terrorism With Social Currency

Should a social currency credit score become imperative to social transactions as the financial credit score is for financial transactions?

Can Customers Drive Satisfaction?

Meetings for government at all levels are covered by sunshine laws, which require opening to public view and access meetings and records regarding those meetings for public officials and organizations in a variety of scenarios.

Pirates, Anarchy, and the Monetization of Social Media

No sane blogger would post an article suggesting that anarchy is superior to government as a means of producing widespread cooperation…or would they? Nonetheless, large swaths or anarchy exist today. For example, there is no World Court to enforce World Law, if such laws existed. Nor is there a Global commercial law to enforce contracts between Global traders.

Fallout: FTC and Blogger Payola

The FTC recently issued guidelines for payola to bloggers. The impact and opinions are now emerging over what this means for social media. As with any game played on a new field, rules need to apply. The questions emerge regarding who the rules hurt, who they help, and how the game will develop in the future due to those rules.