Make poverty history with Web 3.0 online social networks

2 October 2008 Category: Capital allocation and remote services, Critical path to Web 4.0, Democracy 3.0 and global governance 4.0, Economic development, Equity Market 3.0, Health 3.0 National industry and patient medical record collaboration, Peak oil water food resources and leadership 1 Comment

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Pre-requisite reading: The key elements of a Web 3.0 online network ; “Online network solution” open source software project ; Transform the world in 365 days ; E-democracy just six weeks away! Political sovereignty exercised directly by citizens through an online political network ; Make poverty history

““The Millennium Development Goals (MDGs) are eight international development goals that 189 United Nations member states and at least 23 international organizations have agreed to achieve by the year 2015. They include halving extreme poverty, reducing child mortality rates, fighting disease epidemics such as AIDS, and developing a global partnership for development.” – Wikipedia“

I also recommend the “In my name” video at Youtube.

Poverty is a complex issue. It has a wide variety of causes that include trade, HIV/AIDS, unserviceable debt, investment capital allocation and immigration laws. Many efforts to change the situation rely upon influencing or changing opaque channels. This has proven to be ineffective. The Millennium Goals could be achieved if we act now. However, these goals won’t be achieved if we continue to try to influence Web 1.0 opaque channels. We need to transcend “opaque channels” by applying the key elements of a Web 3.0 online network to create online communities that focus and coordinate collective energy. Influential people within opaque channels could be encouraged to join the networks and align organisational goals with the community.

The online networks that could make a contribution are E-democracy just six weeks away! Political sovereignty exercised directly by citizens through an online political network and Capital allocation and remote services. Other online social networks could also make a contribution. I will provide an overview of these networks below. These networks could be built within 12 weeks and populated with influential people with 365 days.

E-Democracy
Please read E-democracy just six weeks away! Political sovereignty exercised directly by citizens through an online political network and the E-Democracy page

Capital allocation and remote services
Required reading: An online industry network to bridge the “missing middle” gap in developing countries ; Projects (online industry networks for financial markets and economic development)
The capital allocation process in financial markets and service delivery in the global economy needs to be significantly improved. There are a number of problems that could be addressed by online networks. Firstly, cyclical investment means we invest more at market peaks, and less in investment troughs. Better investment returns and more economic wealth will be created or retained with counter-cyclical investment. Secondly, capital is concentrated in Tier 1 companies. SME’s find it difficult to raise capital. Google.org has an initiative to accelerate the growth of small and medium enterprises. Thirdly, the developing world needs access to capital to develop small and medium enterprises. Fourthly, The developed world has a shortage of 32 million educated people. capital. The third world is the source of future intellectual capital and produces the necessary people. Immigration laws prevent their migration to where they are needed. It is easier to move the capital to the people, than the people to the capital. This would also reduce global poverty. An online social network could allocate capital or facilitate service delivery across borders.

There are other Web 3.0 online networks that could have an impact.