Here is a realisation of last three days. Innovation is obsolete and waste of your time, focus and productivity. Farmers didn’t invent tractor. They were busy farming. Tractor brought huge leap in the productivity. Focus on invention, how to do things differently and better. You can not make it better improving on a current level. You have to invent and make it to the whole new level. That’s hard.
Economical growth doesn’t always transfer into social or human growth. Excellent talk from Geoff Mulgan with notion of social entrepreneurship.
Imagine a car which comes with an electric miles energy subscription similar to your mobile subscription from your favorite telecom provider. You pass a pump and just swap depleted battery for a new one. Or charge at home while parking.
Great thing about subscription model is that the more you use it the cheaper it is. You get mobile phone for free and unlimited minutes with certain subscription plans. Imagine taking mobile service subscription model to an automotive industry. Shai Agassi is working on such an exciting project:
Until now I was just listening to stupid information about recession from the media. Nobody who had clue or give serious proposal came across. Media are just repeating one another, same and same again. Today I came across first realistic view of the recession cause and proposal at the same time. Duncan Bannatyne, Scottish entrepreneur and Dragon’s Den investor has probably more clue than most of others.
He believes that the problem was caused by the banks lending to each other. They borrow from each other and instead of it, they give each other security packages, which are less of the value than what the borrowing was.
He aligned it to supermarkets. If the supermarkets were lending each other fruit and vegetables and one was in trouble, they all would be in trouble at the same time.
The solution would be to stop banks letting each other, instead borrowing money from the central bank. If such self contained bank went bust, the rest could buy pickings. Same way as when a supermarket goes bust.
This woul also decrease money wasting across the system - people that take bonuses from moving same money around the system. Eventually there could be much more money available for the business or individuals in need of credit.
We are having some gas supply issues here in eastern europe. But the good thing is that after these troubles, companies, industries may finally realize that they can not depend on gas. This could force them to look towards alternative energy, and alternative systems for heating. There are many options, from ground heating pumps to thermal energy, which seems to be plenty of available in Slovakia. Trouble is that till now everybody was very content with russian gas and nobody looked ahead. Clever leap towards alternative sources would be a good move. Imagine a world powered completely with renewables. Production halls covered with structure changing glass which would absorb sun heating in the winter and reflect light in the summer. Homes powered with heating pumps or ground thermal source.
Definitely there are many options to go. We should start making first step.
