The first thing that needs to be done, to create the best possible future for the smart grid, is a global institutional transformation to enable the Golden Era that Dr. Carlota Pérez described as a result of the recurring patterns in the previous four technological revolutions, of the past 240 years. As part of the global status quo, right now we are experiencing Casino Capitalism, which is just a symptom of fundamental issue of an exclusive short term financial capital that is driving instability in the world economy.

The Golden Era will be enable by a paradigm shift away from the status quo to the inclusive long term production capital as the driver, with financial capital coming back to its traditional supporting role of Golden Eras. Doing otherwise might be the end of capitalism. The best posible future of the smart grid under the Golden Era might be the one described in the GMH post Was the #EWPC-AF_Creator the All Around Winner of the Smart Grid 2025 Game?

This was first posted on the GMH Blog