Posterous theme by Cory Watilo

Filed under: scarcity vs abundance

Generation gap? Balancing scarcity and abundance thinking

I look at kids who complain about having only a 4 Mps Internet access or about having an 8 rather than 32 Gb iPhones, who can do their home assignments by effortlessly accessing information from the Internet without even processing it, who measure their coolness not by what they know but by how many Facebook friends or Twitter followers they have.

I wonder how this generation will be able to cope with the extraordinary problems of scarcity of resources (oil, water, food) that we are going to leave to them as our legacy. And I feel that only blending our ability to master scarce resources and find individual solutions with their ability to socialize and crowdsource will move us all forward. But what I do not see is how that balance is being determined, developed or enforced from when they are in school to when they join the workforce and beyond.

Very much in the vein of the Digital Nation documentary, Andrea DiMaio's reflective post on his fears for the generation of digital natives ultimately points to a broader theme of the conflict between scarcity and abundance thinking.

Personally, I'm slightly more optimistic about the situation. But equally as much as the digital generation needs to learn about dealing with scarcity in the physical world, I think that the generation of digital immigrants (and perhaps the digital laggards) that DiMaio describes also need to take some time to reflect deeply on the power of digital abundance and how that abundance can be brought to bare on issues of scarcity.

Gift economies, social media, abundance and reinventing corporate IT

According to Burning Man founder Larry Harvey, the difference between a market and a gift economy is that the former is based on scarcity while the latter is based on abundance. And he says a gift economy fosters what Robert Putnam called ‘social capital', that is, it forms connections between people.

Nett is a technology magazine targeted at Australian small and medium businesses, although I think this short introduction to the gift economy is as a good as any. I like the focus on scarcity versus abundance in the quote above. Some of you might realise that the idea of the gift economy is important in social media (which I suppose is why this topic popped up in Nett magazine).

However, I think the concept of scarcity versus abundance can also help with understanding how to apply social computing successfully inside the enterprise. This has less to do with building social capital and more to do with adopting an attitude that 'bits' are plentiful and a resource to be used, not constrained - it also means you can afford to fail. Obviously it follows that if you adopt an IT abundance strategy, you'll need the right systems to support an IT abundance approach.

Social capital inside organisations is still important too, but the ecosystem of public good is different from the dynamics of the closed "internal organisational good" ecosystem. You can support that internal gift economy with an abundance approach to IT, which is how you build internal social capital.