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How mobile phones can replace a broken economy

nxhx.org — Joe Edelman, in his 'mobile manifesto' says that the wide availability of mobile phones is a great opportunity for fixing our economic system. He is working to make this vision a reality and asks for people to join him and help.

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  • bradspangler, on 12/25/2008, -0/+1Headline is misleading. Article is very short on the matter of "how" and instead delivers a lot of "wouldn't it be neat if" like a little girl wishing for a pony. More specifically, article notes the ubiquity of mobile phones, makes the common observation that this could serve as a basis for updating transaction technology, and attempts sleight of hand along the lines of:

    transactions = economics = mobile phones can solve everything (even economic problems that aren't transaction related)

    We haven't had a failure in transaction fulfillment technology but in deciding which particular transactions to make (or not make). mCommerce is a good thing, but it's not a panacea right now, either. Author is full of it.
  • joeedeman, on 02/05/2009, -0/+0Thanks for the feedback, Brad! Let me try to rewrite parts of the manifesto and see if I can communicate a little better. Then I'll post here again and maybe I can get you to reread it and update your comment.

    I like to think of myself more as a little girl BUILDING a pony, and this pony is not about oiling the traditional transactions of the market, like most mCommerce, but instead about offering alternate "use regimes" for resources which provide different incentives. For instance, if it was easy for private individuals to make certain resources available to folks with low carbon footprints, that would change the incentives facing all of us.

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