Friday, 25 September 2026

So long as we see wealth as a zero-sum game and money as the necessary arbiter of value, it is premature to talk of a new economy. The new economy will be heralded by a new currency: desire. Embedded wireless devices and massive networked databases will run a kind of worldwide Potemkin marketplace in which funding is ever being cobbled together on the fly, electronically, and no demand goes unfinanced. When the technology meets the algorithm a few years from now, the distinction between price and value, supply and demand, will collapse. In the first world at least. And we will realize the true value of a $20 bill within the larger scheme of things by never having to use one again.