Financial Turmoil is Avoidable

(r] proxthink.com

NOTE TO READERS: This is another press release I’m working on.

FOR IMMEDIATE RELEASE

Financial Turmoil is Avoidable:
Combining Internet with ProxThink Growth Model can Create Sustainable Proximities

Los Angeles, CA, November 24, 2008, 3:30 PM – “You know, we don’t have to live with financial turmoil and the extreme variability of markets. If we focused more on the proximity, and used the Internet in combination with a new growth model I’ve developed, we could create many sustainable proximities,” says ProxThink creator David Loughry. “It would be a shame if we knew of better ways to coordinate, manage resources and collaborate, and didn’t start trying them. We shouldn’t be so helpless in the face of all this economic mayhem. We have other options.”

Loughry thinks we’re still in the horseless carriage stage of using the Internet. Before we really learned how to design cars, they were just motorized carriages without the horses. We hadn’t yet discovered the unique properties of cars and new opportunities they presented. In a similar way, we’re not yet taking advantage of some opportunities the Internet presents. With the connections and proximity awareness the web can provide, we have the potential to relate to some proximities more fully and directly than before the web existed. Taking the proximity as a point of departure, Loughry created: 1) a new thinking structure, called the ProxThink Basics; 2) new patterns and tools for creativity and innovation that leverage the thinking structure, known as the ProxPatterns and ProxThink Hints; and 3) the sustainable new ProxThink growth model, which is built with the structure and patterns just mentioned. The combination of the Internet and related technologies with the ProxThink growth model creates: 4) a fundamentally different way for us to relate to proximities. This approach can help us more sustainably coordinate, collaborate and manage resources in a wide variety of situations ranging from the serious to the fun, and in the short and long term.

Why does this approach have potential? The ProxThink growth model shares the emergent nature, and synergistic and sustainable qualities, of the ProxPatterns upon which it is built. The growth model has a proximity focus, and includes processes for connecting with people (RelatePoints), proximity awareness (ProxMonitors), sustainable agreements (Vadi Agreements) and rewards which relate elements in the proximity (proxri). All four of these processes work well with the web, and boost coordination, resource management and collaboration. The growth model, especially when used in combination with the Internet, has the potential to be sustainable, flexible, healthy, fun and efficient. On the ProxThink website, the Sustainable Proximities page provides more details, and links to early-stage examples and implementations of the approach. One of the initiatives considers in more detail how ProxThink ideas and the growth model relate to markets and financial turmoil. The others include implementations of the growth model for websites and blogs (see Proxri Deal and Proxri-Based Membership); a proposal for downloadable digital content content such as music, movies, video, art, books and software that can solve some legal, financial and logistical problems; and a climate change project called proxEarth, which includes things you can do right now if you have a website, blog, or use social software sites. Not every proximity may be appropriate for this approach. But for those which are, it may be a win/win strategy for people involved, allowing a fuller range of voluntary engagement, while meeting needs at the same time.

With reference to markets, Loughry believes there are many opportunities to combine the ProxThink growth model and the Internet to complement and enhance markets. Further, the approach can perhaps replace markets in some proximities, as well as serve some proximities which markets can’t serve. For proximities in which it is appropriate, the growth model and web combination may be more stable over time than markets, and also more dynamic, since diversity, complexity, sustainability and liveliness are enhanced and encouraged by the ProxThink growth model. Given the way ProxThink and the growth model relate to proximities, even transitions to using the growth model with the web can be engaging and lively.

The growth model and web combination benefits from network effects, so the more people who know about it and use it, the more sustainable proximities can become. Loughry wants to start implementing the approach in proximities, and seeks users, partners, funders, contributors and collaborators. He also encourages others to adopt and adapt the growth model. For more, visit ProxThink.com (http://proxthink.com).

Proxri Deal: As you find our relationship rewarding, proxri with the proximity in mind.

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Top Ten Things ProxThink Makes Possible

(r] proxthink.com

Here are the top ten things ProxThink makes possible, with links to explore.

1) FOR HUMANITY – NEW WAYS TO USE THE INTERNET TO SOLVE MAJOR PROBLEMS, COLLABORATE AND HAVE MORE FUN
Would you be curious about new ways humanity could use the Internet that not only apply to major problems and help us better coordinate, manage resources and collaborate, but also allow us to have more fun and variety?
See Upside of Combining the ProxThink Growth Model and the Internet and Networks, Nature and New Possibilities


2) CLIMATE CHANGE – BETTER COLLABORATION
Do you care about climate change? Want to do something about it, either alone or in coordination and collaboration with others locally, regionally or globally?
See proxEarth – What You Can Do

3) BOOST TO INNOVATION AND CREATIVITY
Do you want to increase creativity, innovation and problem-solving abilities for yourself, your group or your organization?
See Innovation, Problem-Solving, Creativity

4) MORE WIDESPREAD SUSTAINABILITY
Do you care about sustainability? Want to find out how we can have more sustainability in more ways?
See Sustainability and ProxThink

5) NEW BUSINESS AND GROWTH MODELS
Are you interested in business or growth models, including models for websites and blogs? Interested in a new one that is more sustainable, flexible, healthy, fun and efficient?
See Introduction – ProxThink Growth Model

6) LESS FINANCIAL TURMOIL
Are you concerned about our economy and financial turmoil? Interested in some better options?
See Networks, Nature and New Possibilities and
Financial Turmoil is Avoidable and Financial Turmoil

7) NEW STRUCTURE FOR THINKING
Do you like having ways to structure your thinking, actions and relationships for clarity, creativity and decision-making? Want to see an integrated new structure?
See Structure for Thinking

8) BETTER DOWNLOADABLE CONTENT SYSTEM
Do you download, legally or illegally, music, movies, video, art, photography, books, software or other content on the web? Would you like to know how we could solve some of the legal, financial and logistical problems of downloadable content?
See A New Approach to Downloadable Content

9) LIFE – MORE VARIETY AND BALANCE IN LIFE
Like variety? Do you wish your life had more variety and balance?
See Life Balance and Variety

10) ART – FRESH ART
Do you like, make or buy art? Interested in something which could change art, the art world, and how we share and view art?
See the artdown site

If any of the above interest you, please see Dear Visitor for needed actions, people and money, to give these ideas and practices the best chance to survive and thrive. Thanks!

Proxri Deal: As you find our relationship rewarding, proxri with the proximity in mind.

Financial Turmoil

(r] proxthink.com

How does ProxThink relate to our current financial turmoil? I’ve noticed three problems with financial markets. The problems concern aspects of financial decisions, financial relationships, and the proximities of financial markets. I’ve also noticed these three problems are often present in other kinds of markets. I’ll mention possible solutions near the end of this post.

I think financial markets benefit from the strengths of diversity in some ways but not in others, which may increase turmoil and decrease sustainability. At first, you may think these three problems seem obvious or unavoidable, and that the observations seem economically naive, but please try a proximities point of view, and consider whether some new and useful light is shed on the issues.

One problem with financial markets is that although money relates to diverse things and people, in contrast many financial decisions relate only to whether a decision will be profitable, not how a decision will relate to the proximities of the specific people involved, how other non-financial solutions might relate to their proximities, or how the decision will enhance diversity and sustainability. There are limits to the single characteristic of profitability, just as there are limits to most elements and pieces of information.

Another problem with financial markets is it is hard to relate to the proximity directly, since most financial relationships must occur between financial players themselves rather than between financial players and the proximity of financial markets in general. Sustainability, diversity, and liveliness seem to be enhanced when elements, relationships and proximities can each relate to each other.

A third problem is that global financial markets pretty much require participants to largely share one dominant proximity, when from a proximity perspective they have multiple proximities which may overlap in some ways but differ greatly in other ways. These multiple proximities probably should and could be related more effectively.

As an alternative to, or enhancement for, some proximities related to financial markets as well as other kinds of markets, the ProxThink growth model combined with the Internet may address some of these problems while more fully leveraging the strengths of diversity. The Internet and related technologies present new opportunities to more directly relate to proximities. These are opportunities I don’t think we’ve fully grasped yet. With the connections and proximity awareness the web can provide, we have the potential to relate to some proximities more fully and directly than before the web existed. The ProxThink growth model provides a framework for relating to proximities with the web, supporting sustainability, diversity and liveliness. This approach can also solve some intellectual property and copyright problems the Internet helped create.

For proximities in which it is appropriate, the growth model and web combination may be more stable over time than markets, and also more dynamic, since diversity, complexity, sustainability and liveliness are enhanced and encouraged by the growth model. Given the way ProxThink and the growth model relate to proximities, even transitions to using the growth model with the web can be engaging and lively.

Of course, financial markets can’t be quickly transitioned to using the growth model on a widespread basis. However, there are ways we might begin. Briefly, the growth model has processes for connecting with people (RelatePoints), proximity awareness (ProxMonitors), sustainable agreements (Vadi Agreements) and rewards which relate elements in the proximity (proxri). We might start with parts of financial markets, in which the use of ProxMonitors of various scope might allow more direct relationships with proximities, as well as allow greater consideration of a range of proximities related to financial decisions and arrangements. ProxMonitors with a large scope might make more transparent certain variables associated with risk or financial strength or other factors, not just for a few organizations but in proximities more generally, which might allow more trust and less fear among market players. ProxMonitors with more narrow scope might show more dimensions of information, especially non-financial information, about market players, to allow creative possibilities to emerge and innovative proxri to be used. In addition, ProxMonitors could show actual (non-financial) problems that need to be solved and actions that need to be done, which people might like to do as their proxri for the proximity. Given the willingness of people to contribute work, ideas and comments on and via the Internet in web 2.0 kinds of ways, this probably isn’t so far-fetched. Gradually, with greater implementation of the growth model in combination with the web, a focus on revenues and costs might shift to a focus on proximities, ProxMonitors, proxri and relationships, at least for some proximities. This might work for financial markets as well as other kinds of markets.

Any such transitions will probably be remarkably slow, and will probably occur for only some proximities. But we should probably keep our options open, and be willing to try and test new approaches. We should probably not assume markets are perfect, or that markets won’t evolve. They’ve certainly already evolved from simple bartering. Computer trading and open source practices are only two recent evolutions. We should pay attention to opportunities that new technologies create. Communication networks and the Internet may be evolving such that getting better at relating to proximities may be less of an option, yet also more feasible with some new approaches. Combining the Internet with the ProxThink growth model may be one of those approaches.

For some perspectives on related issues, see Sustainable Proximities.

Learn more about the ProxThink growth model here.

Other proximities in which to begin trying the growth model and web combination might include:

  1. Proximities in which there are market failures or negative externalities, such as downloadable content or pollution and climate change.
  2. Proximities which allow quick implementation and experimentation, such as websites, blogs and short-term projects.
  3. Regional and local projects in which people want to get something done that relates specifically to their area, and also build their sense of community, get more engaged and have some fun.

For other examples of the ProxThink growth model in combination with the web, see these efforts:

  • The Artsdown proposal for downloadable content (music, movies, art, books, software, etc.) includes a Proxri Deal and standards for creators as well as fans and users of downloadable content, and can be found at artsdown.org (http://artsdown.org).
  • My personal blog at loughry.com (http://loughry.com)
  • The proxri-based membership approach on the ProxThink site (http://proxthink.com/join/proxri-membership.php)
  • A climate change project, called Proxearth, lays out a proposal for using the ProxThink growth model to address what are perhaps some of our greatest areas of need regarding climate change, which may be coordination and collaboration at local, regional and global scales. The project can be found at Proxearth.org (http://proxearth.org), and includes things you can do right now if you have a website, blog, or use social sites/apps.

Proxri Deal: As you find our relationship rewarding, proxri with the proximity in mind.