Photo credit: Zade Rosenthal, Zade Rosenthal
In a world where the mysteries of the universe can be found in Winnie the Pooh, it isn't a wonder that Star Trek can offer excellent advice on finances. Donna Freedman at MSN Money offered up multiple things people could learn about money from the new Star Trek movie such as, "Assemble a great team," "Keep adding to your skill set," "Learn all you can about your opponents," "Improvise," "Delegate — but pick your spots" and "Be ready to adjust your course."
Sounds like advice the money-obsessed Star Trek aliens, the Ferengi, could use in their pursuit of their favorite currency, gold-pressed latinum.
One of Freedman's better observations is "Work with people you don't like."
"The Enterprise crew must join forces with a bad guy who might be a good guy (or who might be even worse than they thought)," she writes. "Point being, they worked together for a common goal. So you don't get along with Marty the social media guru? Too bad. Grow up, be professional and do what you need to do. He might turn out to be a good guy after all."
Another observation that smacks of disruptive innovation is "The lowest point in your life leads up." Freedman says even if everything seems bad, "There's almost always a way out."
Matthew Yglesias at Slate immersed himself into the whole Star Trek franchise and watched everything. One financial observation he had at the end of his virtual "5 year mission" was how technology wiped out capitalism in the Star Trek universe.
“Money doesn’t exist in the 24th century,” Yglesias quotes Captain Picard as saying in the "Star Trek: First Contact" movie. “The acquisition of wealth is no longer the driving force in our lives.” Instead, the quote continues, “we work to better ourselves and the rest of humanity.”
The reason why?
"Consider the miraculous technology of the replicator — a machine that can seemingly create anything out of thin air, based on rudimentary raw materials plus energy," Yglesias explains. "When computers and energy can substitute for productive human labor, either the energy supply will be controlled democratically for Federation-style liberal socialism, or else it will fall into the hands of some narrow clique and give us the fascistic authoritarianism of the Klingons, the Romulans, or the Cardassians. Under the circumstances, nothing resembling capitalism as we know it could survive."
Tell that to the Ferengi.