The wisdom economy
This week, the RSA talked about the transition from the 'knowledge economy' to the 'wisdom economy'. Intuitively, this sounds great. Words like 'consideration', 'thoughtfulness', 'insight' and 'consequence' come to mind. The basic premise is that knowledge and skills have been the differentiator for Western economies but we are seeing that the emerging markets are as intelligent, innovative and creative as the west. More importantly, the emerging markets are able to provide services and produce 'things' at a fraction of the cost as the western markets.
So what can differentiate the mature western markets? What is the next stage of maturity or evolution? The proposal is wisdom. Here's the link: