Decentralized and democratic. For society, by society.
Social Resource Allocation or SORA is a hyperlocal social free trade system based on Adam Smith's The Wealth of Nations, positioned as an alternative to Capitalism, Communism, and even the Commercial System itself. This new system comes from our proposed science called SORAnomics, derived from the works of the Scottish Enlightenment, specifically those of Adam Smith and David Hume. Our science is based on human nature instead of materialism which is the foundation of both Economics and Communism.
"The market equilibrium comes at that price and quantity where the forces of supply and demand are in balance. At the equilibrium price, the amount that buyers want to buy is just equal to the amount that sellers want to sell. The reason that we call this equilibrium is that, when supply and demand are in balance, there is no reason for price to rise or fall, as long as other things remain unchanged." Economics
"Nothing can be more absurd than this doctrine of the balance of trade [modern equilibrium]. This doctrine supposes that when two places trade with one another, neither of them loses or gains if the balance be even. But if it leans in any degree to one side, that one of them loses and the other gains, in proportion to its declension from the exact equilibrium. Both suppositions are false. A trade which is naturally carried on between any two places is always advantageous, though not always equally so, to both." Wealth of Nations Book 4
"Within the co-operative society based on common ownership of the means of production, the producers do not exchange their products; just as little does the labor employed on the products appear here as the value of these products, as a material quality possessed by them, since now, in contrast to capitalist society, individual labor no longer exists.. The phrase "proceeds of labor"..thus loses all meaning.' Critique of the Gotha Programme Part 1
SORA is based on An Enquiry into The Nature and Causes of the Wealth of Nations. It shifts the foundation of the economy from arbitrary money and finance into objective data and subjective fellow-feeling (via moral sentiments). It replaces cold customer-supplier Enterprise Resource Planning relationships with warm friends-and-family social networks. It only fails when society fails.
Since SORA is data-driven instead of money-driven, users can increase real profits by reducing the use of money through semi-barter transactions, or by increasing sales (such as disposing of excess capacity) through its economic social network. Get wealthy through 'real' arbitrage instead of 'nominal' arbitrage, and by reducing the use of the expensive financial system by piggybacking onto the existing telecoms system.
SORA is also based on David Hume's Treatise of Human Nature and Plato's Republic which describe human social cycles. It views society as a metaphysical organism made up of smaller metaphysical organisms as souls. Crises are anomalies which happen when cycles change in a non-smooth manner. Our system aims to predict socio-economic crises using our own SORAnomic data to reduce or prevent socioeconomic losses.
Many economic problems can be solved by making 'economic agents' work together. We use technology to make it happen by solving all economic pain points through ISAIAH or the Impartial Spectator Automated Intelligence Aggregation Host, which runs SORA Match, our personality matching service
SORA is based on Adam Smith's requirements written over 200 years ago. In fact, the Incas and Mongols were able to create empires in harsh environments using moneyless systems which were studied by Smith.
Plano Carpino was a monk sent as ambassador from the King of France to one of Genghis Khan's sons. The Mongols asked him frequently if there was plenty of sheep and oxen in France. Like the Spaniards, they wanted to know if the country was rich enough to be worth conquering. Among the Mongols who are ignorant of the use of money, cattle are the instruments of commerce and the measures of value. Wealth to them consisted in cattle, as to the Spaniards it consisted in gold and silver. Of the two, the Mongol notion, perhaps, was the nearest to the truth. (Wealth of Nations Book 4, Chapter 1)
SORA was selected in the Top 20 of the ASEAN's Next Great Idea contest in 2016 out of 400 startups in Southeast Asia
The Great Recession, Food Crisis, Oil Crisis, Eurozone Crisis, and Arab Spring explode
Juan reads Adam Smith's works as a solution to the Financial Crisis. He consolidates it into SORAnomics which predicts an economic anomaly by Q1 2018, and gets rejected by journals
Juan creates SORA to implement SORAnomics, with a 10-year sprint. The 2018 economic anomaly turns out to be the Bitcoin crash and the February stock market correction
Implementation of SORA Agreeculture, Match, Apprentice, and Market in preparation for the next financial crisis
Scaling of SORA into regional implementations
Gathering of data and consolidation into SORAnomics by publishing results showing SORA's performance during the crisis
Prof. Gavin Kennedy (Edinburgh Business School), a world expert on Adam Smith
Prof. Dhanjoo Ghista (University 2020 Foundation president)