Wednesday, May 23, 2012

The Iteration of Social Capital

The Iteration of Social Capital
In a democratic capitalist society, social capital may revolve around cooperative interaction between peers that results in productive commercial or noncommercial enterprise.  The focus on peer to peer networks and mutual benefit drives the interaction and the perceived success of the endeavor promulgates future interaction.  When success is achieved by both parties, the process is encouraged to become iterative.   Further innovation is encouraged by input from others who possess skill sets not present in the original exchange and thus is the market place improved and expanded.  Incumbent on the continued success of this entrepreneurial engine is the continual infusion of new ideas and skill sets that were not previously realized.  This requires either a robust educational process or some ability to incubate, focus and apply new ideas to the market place.  Obviously, in advanced democratic societies, education is the centerpiece of the development and application of ideas and schools and universities are the launching point of many of our pivotal advances. 

What other factors impact the growth of social capital?

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