• personality strength

• responsibility

• understanding

• morality

It is safe to say that the development of these qualities in any individual or the society in general correlates to the overall development level of that person or the society. The more pronounced these qualities are, the higher the overall level of development, and vice versa. Let’s talk briefly about each quality.

Personal strength is the actual level of power that each person feels within themselves, which is necessary to perform any activity. This is the primary attribute that defines the status or scale of an individual, determines their identity. How much power do I feel inside? Who do I consider myself to be? The way a person answers these questions determines what they feel like. This can also be derived from the way that person behaves in their actions and relationships with other people.

Responsibility means an area in which an individual is able to provide order. Each person chooses a particular level or scale of responsibility, which is determined by the size of the area they are able to control. For some, this area may be limited to “just me”, others take responsibility for themselves and their family; some people can be responsible for as much as an enterprise or even a country. The real responsibility can be measured by the degree of order established within the respective area. If the order is not secured, responsibility cannot be confirmed.

Understanding means the level of understanding – some people understand little, some understand more, some understand a lot. Like responsibility, actual understanding must be verified by practice.

Morality as a word comes from the Latin ‘moralitas’, which means “manner, proper behavior” – which in turn describes one’s taste for life. Some people’s tastes are quite low – bad habits, disorderly behavior, fondness of destructive activity, lack of motivation for development. Others have good tastes – aspiration to constant creative work, the sense of order, beauty, and a love for the people. This determines a person’s level of morality.

But let’s go back to the economy. Based on the above, we can say that the economy of the near future will be a hybrid of commercial and non-profit mode of operation, where every action will be evaluated in terms of its positive social impact, regardless of whether it is produced by commercial or noncommercial means. Since intangible spheres of activity (alone or in combination with tangible production) have immeasurably greater potential for having positive social impact in relation to the old-time tangible production sectors, these new sectors will eventually acquire greater commercial value as they are gradually incorporated into the regular economy. Eventually the new sectors based on intangible or hybrid production will gain economic independence and become the undisputed leaders of the new economy. The old, purely tangible industries (manufacturing of commodities with zero intangible value or utility) will either receive a complementary intangible module, to become hybrid in nature and get integrated into the economy of the future, or will disappear, becoming a thing of the past.

The economy of the future is the economy of mutual exchange of intangible values and tangible values that have acquired the status of manifestation or carrier of intangible values. In other words, there will be tangible things carrying intangible value, or a tangible thing will be part of a module combining tangible and intangible items that have a positive social impact or meaning to a person and/or the society. That is, all the products in the economy of the future will have an intangible module, representing their positive social impact.