The role of IT in moving towards a socially-beneficial economy


“Many scholars and economists have raised the issue of the degradation of the principles of the theory of capitalism and their lack of validity in today’s world. These principles have guided the world economy for a long time and did reasonably well. However, the introduction of IT systems, their evolution in processing power, memory and connectivity and the capabilities that these advances bring, have resulted in the capability to practice “unenlightened self-interest” in the large scale. In this article we present the first IT system capable of reverting the situation, bringing us back in the direction of enlightened self-interest and promoting a more socially-beneficial economic activity.”