Saturday, July 19, 2008

 

Accumulation of Human Capital

Marx once wrote about the inevitabily of another C word - Communism. Whether you agree with that is up to you but there is something very useful in his thinking. Inherent contradictions in each method of accumulation would lead to the next linear phase from feudalism thru capitalism thru socialism.

In Russia, it is widely acknowledged that they tried to jump one phase with interesting consequences. China? Is that now also possible with communistic research? Will we see organisations jump one phase of on-line research and go directly to another? Will we see some countries or regions skip a phase of on-line accumulation? I think that we already are.

The consequences of this are going to be interesting and unknown just like those above. And that is what gets me out of bed in the morning. You?

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