Innovation Part 4 - Money: Prima Innova - VLC
Channel: owais sarvasukhsevaka
Date: 2013-04-26

This is the fourth and final part of a 4-part series was originally planned as a half-day session for a short-term TEQIP course at MANIT, Bhopal. Here is the full course-work of my part of the program.

The 4-parts are as below:
1. Creativity & Innovation
2. Knowledge & Dogma
3. Visions & Case-Study
4. Money: Prima Innova

Part 1 established the definitions of Creativity and Innovation, and delineated the necessity, differentiation and examples of the two. More detail can be seen in the 'Description' of Part 1. This is the 'WHAT', 'WHY' and 'WHO' of Innovation.

Part 2 presented the hypothesis that the modern resident Indians' failure at Innovation in the recent past has something to do with our confusing the two related intellectual disciplines of Knowledge and Dogma. Knowledge, here, is seen as an evidential model of reality, and Dogma as an unfortunate or lazy thinker's short-cut to it, which sometimes shows the way, but often misleads. This part goes into substantial detail of how Dogma can be differentiated from Knowledge, and the negative consequences of turning our face away from reality. This is the 'HOW NOT' and 'WHAT IF NOT' of Innovation.

Part 3 dealt in-depth with Innovation in the Industry: what one needs to do in order to be innovative and successful in the industry. It outlined the various kinds of Innovations in the Industry through the use of visionary quotations from Innovation Leaders in the Industry and through an in-depth case-study. Additionally, it also detailed the Presenter's perspective on the method of practising Innovation in his own life and work.  It also delved deep into the possible reasons of Indian culture's deep disapproval of experimentation and mistakes. This is the 'HOW' of Innovation.

Part 4 deals with the most important innovation of human civilization. The hypothesis is that the primary innovation of human civilization is Money. The introduction of the concept of money has revolutionized the human civilization. Through harnessing of the natural self-interest of individuals, it has provided not only a structured vehicle guaranteeing the survival needs for humans; but also extended itself to include ways of fulfilling all kinds of human wants, including power. The unsaid premise is that were it not for money, men would be content with a bellyful of food and a small, personally manageable harem of sex partners. This 'Prima Innova', however, has resulted in humans over-reaching. Our over-reach is explained through the current implementation of Money as Debt, and its paradigmatic push towards an ever-accelerating exhaustion of non-renewable resources, including sinks. The conclusion briefly touches upon the disaster awaiting human civilization, if we continue to ignore the necessity to re-innovate Money, and continue to refuse to innovate a cyclical (as opposed to the current linear) economy, which is in sync with the cyclical nature of Nature. This part deals with the 'WHAT NOW' of Innovation.