Social Clout Is Tomorrow’s Cash [Headlines]
Is a 'digital, networked economy' set to replace our cash-based economy?
As the manufacturing economy that brought the U.S. to forefront of world dominance wanes, economies will be forced to value something besides tried-and-true goods and services. “In the future, rather than a mystified system in which networking and fame lead to wealth only indirectly, the top economies will directly pay people to network and become famous,” says the Economist. “Cash will become identical to social points, which is the ultimate point of the money system anyway.” Smartphone applications may then display social points publicly. Big Think