For those who haven’t read it yet here is link to the complete report on the future of search. It’s an eye opening read and hopefully will give rise to new ideas, new research and even new businesses.

For me it is the democratic nature of the web that excites me. For now i’ve just focused on the delivery of the architecture that will make us form the web around us rather than having to shop through designated ports.

I think that is well on the way to happening.

I’m also thinking about the impact on governance. By this i mean the way we allow ourselves to be governed: our electoral processes, our engagement and involvement in political systems and how we make ourselves heard.

The coming versions of the web will not just make business more efficient, or general life but our political systems, our governments who eat up 30-50% of our GDP depending where you live.

The ultimate political feedback and citizen engagement system is going to rise up from the web. The powers that be are not likely to embrace this as many of them will be out of a job.

E-government is a web 1.0 framework. Imagine what it could look like in future versions. Maybe we can set up a  dream team for that?

We are starting to see some revelatory musings on how search is going to develop going forward. This series is well worth reading for anyone who is interested in how the web is going to develop.

Another day, another finance company. Haven’t i written that before? Maybe but my memory is becoming blurred as groundhog day for the credit system is on a repeat cycle.

What we have now is an old fashioned run on finance companies. Clearly anyone who can read a balance sheet can see they don’t carry much cash so if you rock up asking for your money back you may be waiting for some time. Of course you should have checked that before you invested. As some argue this is a good cleaning out process which is long overdue.

Why should the RB bail them out? Well i would argue the RB is not worried about fnance companies going under but more concerned about the financial system freezing solid. So they opened their wallet and the banks were more than happy to plunder. But the poor finance companies can’t access this cash.

So here’s a story from a few years ago (verbatim from Fred Harrison’s “Boom Bust: House rices, Banking and the Depression of 2010″:

In 1794 “the City Council of Liverpool faced a complete collapse in the local banking system. On March 20, the Mayor reported that 58 merchants urged the council to secure a loan from the Bank of England to enable the City to survive “the distress which had engulfed the people”. Parliament issued a special Act which entitled Liverpool to issue negotiable notes for a limited period, to be lent at a rate of interest slightly below 4.5%. The citizens weathered the storm, thanks to what the Webbs described as “the boldest financial step recorded in the annals of English local government.

What caused this trauma? Speculation focused on the rent-yielding opportunities presented by canals”.

Oddly enough the same thing happened in 1812, 1830, 1848, 1866….and on and on.

As Samuel Taylor Coleridge wrote in 1817, in his Lay Sermon booms and bust seemed to occur “at intervals of about 12 or 13 years each {as a result of} certain periodical Revolutions of Credit”.

Thanks Fred for this great piece of research. Let’s hope the central bankers read it and then weep voraciously.

Thanks to Kaila i’ve been considering the future of search in 2010 or more to the point the future of search itself.

It didn’t take me long to realise that search is going to replaced by receive. How annoying is that to all those businesses involved in SEO

But seriously if we are still searching in 2010 i will be surprised because by then the web should be evolving into a living and breathing system. This system will not be a library which we dip into hoping that we will find what we are looking for but will be part of us.

Simply put we will become the system.

We won’t need to search anymore as we will be the filter through which information, that we both want and may be interested in, will flow.

Search is an external process: Receive is an internal process.

Relevance technologies will be key to this evolution as will as filtering systems. Receive will be an intelligent learning system. I’m looking forward to this.

Which is the best receive engine?…..that will be the question.