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The Predictable Future of Bio-Economic Society

Author

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  • Mustafa Emre CAGLAR

    () (Hitit University, Business Management Department)

Abstract

This theoretic study aims to draw a picture of midterm future by terms of socio-economic environment. While doing this, we mostly assume 'social structure' as dependent variable and the 'new economy' ( green energy and new production) as independent variable. As known, social transformations take more time due to the human generations lifespans, according to technological or economical transformations. In fact social factors effect economic and technological factors in long term deeply. But in this study we will be generally limited by the mid of 21. Century. According to Jeremy Rifkin, great economic transformations in history appears when a new communication technology interact with a new energy system. New communication system make it possible to organize the more complex civilization, which the new energy system created. We are discussing the socio-economic future of human life on earth; how people will distribute on geography, how they work and how governments will change into new forms of social regulators? IBM, Cisco Systems, Siemens and General Electric, are all trying to construct a smart power grid. This intelligent energy network will embrace virtually every facet of life. Homes, offices and vehicles will continuously communicate with each other, sharing information and energy on a 24/7 basis. How this happenings effect the social community all over the world? With other entries like the rising of transnational enterprises, the individual independence on energy acquiring, will destroy the social contracts which establishes nations. Individuals normally gets together for creating economies of scale. Because individuals cannot build large energy plants like coal plants or nuclear plants by themselves. As a result governments become to loose their basic functional reason of existence against citizens.

Suggested Citation

  • Mustafa Emre CAGLAR, 2014. "The Predictable Future of Bio-Economic Society," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 1(1), pages 68-72, December.
  • Handle: RePEc:icb:wpaper:v:1:y:2014:i:1:68-72
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    More about this item

    Keywords

    Third Industrial Revolution; Green Energy;

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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