Just as it took generations for the Second Disruption to find its measure of progress with GDP, the Third Disruption is facing a similar challenge. What we know for certain is that an already emerging model – with less monetary exchange and a shift to rents – creates too much abundance to be accurately measured by currently available means. This will only intensify further over time.
Universal basic services will be fundamental in the transition to FALC and will be progressively easier to provide. But the measure of success can’t be the volume of transactions through the price system – to do so would be using the definition of progress that belongs to a world already passing away.
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paradise found