“Everyone is so locked into the current way of doing things, they never see the larger picture or other, more responsible and efficient possibilities. A REAL economy is always wanting to limit consumption/manufacturing as much as possible by assuring the strategically “best” and “adaptable” productions at all times, while keeping balance with human needs and public health.
It is a total shift in intent than what we have today.”
― Peter Joseph
The Maslow’s Hierarchy of Needs are as follows:
• Physiological needs – The first level of Maslow’s Hierarchy of Needs is know as Physiological needs. The things which are necessary for human survival consist of things such as food, water, sufficient rest, clothing, shelter, overall health and reproduction. This is really necessary to move on to the next level of the hierarchy.
• Safety needs – The next lower level after physiological level is known as safety needs. This group includes protection from violence and theft, emotional stability and well-being, health security as well as financial security.
• Love and belonging needs – The next lower level after the safety needs level is known as love and belonging needs. This level includes friendships and family bonds – both with a person’s own family and extended family such as spouses and partners.
• Esteem needs – The next lower level after the love and belonging needs level is the esteem needs level. The primary elements of this level are self respect and self esteem. The author of these levels tells us that self-esteem can be divided into two types – on the basis of respect and acknowledgement for others and esteem based on our own self assessment. Self confidence and independence issue from this self assessment, which is also a type of self-esteem.
• Self – actualization needs – The next lower level after the esteem needs level is known as self – actualization needs. It describes the fulfilment of a person’s full potential.
“If the steam engine freed human beings from feudal bondage to pursue material self-interest in the capitalist marketplace, the Internet of Things frees human beings from the market economy to pursue nonmaterial shared interests on the Collaborative Commons. Many—but not all—of our basic material needs will be met for nearly free in a near zero marginal cost society. Intelligent technology will do most of the heavy lifting in an economy centered on abundance rather than scarcity. A half century from now, our grandchildren are likely to look back at the era of mass employment in the market with the same sense of utter disbelief as we look upon slavery and serfdom in former times. The very idea that a human being’s worth was measured almost exclusively by his or her productive output of goods and services and material wealth will seem primitive, even barbaric, and be regarded as a terrible loss of human value to our progeny living in a highly automated world where much of life is lived on the Collaborative Commons.”
― Jeremy Rifkin, The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism
India is already in a very critical situation in providing employment to every citizen of the country who actually needs the employment. It is not only because of the Government, but also because of the lack of seats in jobs. This is because of the growing population of our country. Population also leads to a shortage of food in the country which contributes to a higher price of food. Maintaining such a huge population for the Government is quite a herculean task. This is because it isn’t possible for the Government to reach out to each and every citizen of the country.