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Gregory Esau
Works at SmartSwarms Management and Consulting
Attended The School of Life
Lived in Vancouver
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Gregory Esau

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An Overview of the Parasitic, Casino Economy
And, IMNSHO, It's Pretty Bang On

This is from Aug, 2015, but nothing much has changed. The U.S. is an oligarchy, with Wall St running the, um, aaaah, "economy". 
With short but insightful looks at the Chinese economy, and the Greek situation thrown in as well. 

The real problem is that we’re still in the aftermath of when the bubble burst in 2008, that all of the growth in the economy has only been in the financial sector, in the monopolies—only for the 1 percent. And it’s as if there are two economies, and the 99 percent has not grown. And so, the American economy is still in a debt deflation. So the real problem is, stocks have doubled in price since 2008, and the economy, for most people, certainly who listen to your show, hasn’t grown at all.

[...]

So, the real problem is that we’re in a nonrecovery in America, and Europe is in an absolute class war of austerity. That’s what the eurozone is, an austerity zone. So that’s not growing. And that’s really what’s happening. And all that you saw on Monday was just sort of like a shift, tectonic shift, is people realizing, "Well, the game is up, it’s time to get out." And once a few people want to get out, everybody sees the game’s up.

And the financial sector somehow depicts itself as the brains of the economy, and it would like to replace government. What Larry Summers said is what—governments have to pay their debts by privatizing more, essentially, by doing what Margaret Thatcher did in England. That’s his solution to the crisis: All the governments have to do is balance the budget, sell everything to Wall Street on credit, and we won’t have any more problem. And that’s basically—the financial sector is almost at war, not only against labor, as most of the socialists talk about, but against governments and against industry. It’s cannibalizing industry. So now most of the corporations in America are using their income not to do what industrial capitalism did a century ago, not to build more factories and employ more people and make more profits; they’re just using it, as I said, to push it to pay dividends and to buy back their shares and to somehow manipulate the financial sector in the stock prices, not the economy as a whole. So there’s been a divergence between the real economy and what I call the—economists call the FIRE sector—finance, insurance and real estate. And they’re going in separate directions.

Well, almost—both parties are basically run by Wall Street. The Democratic Party, ever since Bill Clinton, was run by Robert Rubin. And all of the secretaries of the treasury, the officials, have basically come from Goldman Sachs, especially Tim Geithner. One of the problems in Greece, by the way, was that Obama and Geithner, coming from the Rubin group, met at the Group of Eight meetings and told—were told, basically, Greece, "You have to pay, because the American banks have made so many big bets on Greek bonds that if Greece doesn’t repay"—this is back in 2011—"then the American banks will go under, and if we go under, we’re going to pull Europe down." So, the American banks basically—we’re talking about Wall Street investment firms. They don’t—they’re called investment bankers, but they don’t invest. They gamble. And we’re really much more in casino capitalism than finance capitalism.
Black Monday is how economists are describing Monday’s market turmoil, which saw stock prices tumble across the globe, from China to Europe to the United States. China’s stock indices fell over 8 percent on Monday and another 7 percent today. On Wall Street, the Dow Jones Industrial Average initially fell a record 1,100 points before closing down nearly 600 points. The decline also caused oil prices to plunge to their lowest levels in almost six...
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Gregory Esau

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This is Awesome

Blockchain was the technological breakthrough that truly made my Glia organizational model possible. 
It was +Gerd Moe-Behrens who first tuned me to that possibility back in Aug 2014, with +Ethereum . I've been keeping a close eye on them since. 

There are other excellent ecosystems emerging around the blockchain, but for me, given what is at stake (my business and life future!), for my money I'm going with Ethereum for building out the Glia system. 
We're (tentatively) starting our long range plans of being the premier Transportation as a Service (TaaS) platform and Operating System, with a ride sharing service in Vancouver, using the Ethereum platform. 
Exciting times!
 
Ethereum is now the second highest valued crypto currency - and yet so much, much more than a currency.

Its potential and capability is being recognized by many very rapidly.

By every measure Ethereum is becoming a reality, faster than one might have expected - unless you consider exponential growth curves in which case it IS to be expected... and we ain't seen nothing yet.

http://www.financemagnates.com/cryptocurrency/innovation/ethereum-market-cap-reaches-record-as-new-features-are-released/
The price of Ether increased another 21% in the last 24 hours completing a rise of about 70% during the past week.
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It has been a godsend, +Gerd Moe-Behrens !

I agree, Ethereum, and other blockchain type services, can and will greatly improve our society's prospects. 
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Platforms
Heaven or Hell

This is a great piece that underscores why it is so important as to who has an ownership stake in the platforms. 

As platforms have the potential to accelerate hyper capitalism and wealth concentration (in which the majority of the population will one day rely on the largese of the wealthy and elite), or with a stakeholder and community ownership model, to fairly create and distribute wealth, it will be the choices we make as individuals, workers, value creators, society and consumers that will shape the quality of our future. 

This is the fundamental reason Glia was designed as a distributed platform system (mesh, or networked capitalism), which I also believe can outperform hyper-capitalism models. 
How platform businesses like Uber use technology to create jobs today that they will automate and eliminate tomorrow.
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It really feels like we're moving towards a pretty major fork in the road regarding our future, +Gideon Rosenblatt . 
People are funny, so who knows how this will go, but if the distributed, autonomous "mesh capitalists" can develop the proof of concepts, and produce better than average goods and services, I think we'll give the hyper-capitalists a run for their money--literally. 

One other key, which I should have mentioned in my introductory commentary, was the AI versus IA angle. If the distributed platform workforce can harness that, then I really, really like our chances.  
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Significant
A Decentralized Approach to Digital IDs

More sweet awesomeness from the Ethereum Ecosystem. 

Via +Gideon Rosenblatt 
The Nimbus/uPort/Ubuntu proof-of-concept will be unveiled at Mobile World Congress February 22nd, 2016.
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When It Comes To High Performance
Be Careful Not To Overpay The Superstars

Market psychology is mostly absent from this piece, where superstar's pay is determined as much by the cost of not signing them, as it possibly over paying them. Anyone who has followed professional sports over the last two decades understands this folly all too well. 

That said, this is a good piece on fairness, or the perception of it, within a group, which can be poisoned by overpaying someone more than the group perceives as fair.
This is critical where group performance counts, as in football.  
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Great piece.
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What Is Blockchain?

A pretty useful Q&A from the good folks at PricewaterhouseCoopers. 

My favourite, used in the piece to illustrate the utility of the blockchain, is MediVault (http://www.coindesk.com/medvault-wins-e5000-at-deloitte-sponsored-blockchain-hackathon/), where people can store their own medical information, and control who can access it given any situation.

"[We're] giving the patients control over their own medical records and the decision to make certain aspects public or private, while still being stored in a distributed global manner."
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Gregory Esau

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Collaborative Production
And The Future of Governance

As Clay Christensen, ye of disruption expertise (sic), once said: (paraphrased), "When looking for your next competitive threat, don't look to the left, or to the right, or even up. Look down."

This is the case for the blockchain technology, and the growing waves of community and social and business expertise, and socialpreneurs that is growing around it.

Our systems of organization and governance are hundreds of years old. Yes, improvements have been made, but be it political or business organizational governance and leadership, these models are easily hacked, exploited, and corrupted by the power elite, the greedy, and the ego gratification types. That's bad for business, and bad for society.

From my perspective, and ambitions, I readily see the technology, the knowledge, the know-how, the desire and the need percolating up from the surface.
I see the wave of change and innovation starting in the cities, and with a push from a challenged citizen, on up through the next tiers of government.
The age of political parties, popular voting, etc, has got to go.  
The term Tragedy of the Commons, generally describes a situation where individuals acting independently and rationally according to each other’s self-interest behave contrary to the best interests of the whole, and eventually to their own, by depleting some common resource, necessary for the survival of the group. Since its coinage by economist William Forster Lloyd …
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I Particularly
Like The Opportunities Part
 
A nice business level review of the types of activity that may lend itself to new blockchain capabilities.

Massive disruption indeed... and the flip side, massive opportunities.

http://blogs.wsj.com/cio/2016/02/02/blockchain-catalyst-for-massive-change-across-industries/ 
Diamond heists and medical records breaches could become extinct as blockchain technology – with its constant encryption and distributed, immutable transaction histories – takes hold in a range of industries. Health care, food, insurance, luxury goods and other markets see great potential in blockchain for faster, more secure business but are watching also for signs that the technology may disrupt existing revenue models.
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How To Run A Company
Make That, Companies

This deep dive into the Danaher Business System is one of the best I've read to date on how to run a company, and a portfolio of companies. 

The senior management is quite good at calling out “fake DBS.” It might be pretty charts in three dimensions and perfect colors. Or a cell diagram presented by someone who can’t walk you through it when you ask them to. Danaher has a fact-based culture. As long as you have the facts or are willing to get them, you’re safe. If you’re touting pabulum, that’s an unsafe place to be.

The company doesn’t get distracted by fads, like Six Sigma or management by objectives. We’ve kept a very consistent long-term approach and method. We just roll up our sleeves and do it. We know we will fail a hundred times before we get it right. But with businesses that have demonstrated this discipline around core processes and tenets, slow and steady wins the race. That has helped Danaher focus on long-term growth, long-term margin expansion, and maintaining a great cash flow record over many years.
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The Case For Platform Enabled Ecosystems

+David Kish is one of my favourite experts for his understanding of business ecosystems, and this is his best post to date for understanding their primacy in complex environments. 
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A pleasure, +David Kish ! Great post!
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Holistic Value Creation
The Orchestrated Ecosystem

There are going to be very unique ways to create value, as hybrid approaches towards shared ownership models, and third party vendors develop additional value services to the transportation experience. 
As +John Hagel notes, it will be those who capture the most integrated, holistic approach to individual and collective mobility patterns, and who can generate value for the individual, the collective, and the cities, that will be the likely winner in this new game of urban auto transportation.  
 
Technology is shifting the basis of competition in automotive industry from products to relationships - my interview (need to click through to pdf to get the full interview) 
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I was a little too ambitious with Glia in the beginning, +Rotimi Orimoloye . 

With a tighter focus on a known challenge and opportunity, I'm slowly gaining more traction in my own backyard. And the future of urban auto transportation, starting with an Uber like, community owned ride sharing service, is the perfect fit for the model, system, and philosophy!
And I sure appreciate looking out, and seeing you front and centre! :-)
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This is a real advancement for the construction industry. 

Via +Peter Feltham 
 
SkillsPlanner project director and Ethos partner Rebecca Lovelace talks about the construction skills gap and how linked and open data will help http://ow.ly/XQ3Eo
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It was very helpful in knowing more of what the good folks at +Ethos - The Future of Work. Now are up to, +Peter Feltham . 
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Work
Occupation
Consulting. SmartSwarm Management and Consulting
Skills
Are you kidding? I'm a generalist and continual learner.
Employment
  • SmartSwarms Management and Consulting
    Founder, present
    I use the collective intelligence in business environments and networks to "Swarm" problems, create opportunities, to advance businesses and organizations towards continual adaptation.
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Previously
Vancouver - Victoria - Mission, B.C.
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Tagline
Smart Swarming The Future of Organization
Introduction

SmartSwarm Management and Consulting

Better Perspectives
Better Decisions
Better Context
Complex Problem Solving
Engagement
Leadership
Ecosystems

I use Google Plus as social media, to stay informed, to connect with collective intelligence, and keeping my perspective broad. 
I post to inform, broaden perspective, occasionally amuse, and to offer glimpses into my life and city. 
Bragging rights
I build things.
Education
  • The School of Life
    Experience/ Trial and Error, 1959 - 2011
  • mission senior secondary
    1975 - 1977
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Male
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