Apart from being a currency, the underlying universal ledger technology of Bitcoin has potential to usher in a new era of more easy self-organisation, by enabling the possibility of smart contracts and software-driven ‘distributed autonomous organisation, as expressed by initiatives like Ethereum, Common Accord, and the crypto-equity experiment of Swarm. Though these developments and possibilities are not without danger, and though most of the current enthusiasm is utopian and mostly based on hopes and just a few budding experiments, this technology is potentially a game changer by bringing down the transaction cost for self-organization.
People's daily experiences and concerns differ enormously around the world. While a farmer in Angola prays for a good harvest, a manager in Greece worries about losing her job. And while a mother in Egypt comes to terms with life in a conflict zone, ...
Interesting subject. Measure happiness as an essential part of a country well-being and let be that metric a key driver in the design of our social systems.
Trend-altering change will take time, but potent forces are driving real-world efforts to democratize capital
The future is not foregone
Take participatory ownership. Even as union membership has trended steadily downward, for instance, the number of people involved in worker-owned firms has increased, from 250,000 in 1975 to about 11 million working in more than 11,000 firms today. Add to this approximately 130 million Americans who are members of some form of co-op, another type of democratized ownership; this number is increasing daily just beneath the surface of what our hollowed-out local newspapers are able to report on. Credit unions — member-owned one-person, one-vote banks — control more than $1.1 trillion in assets, as much as those of some of Wall Street’s largest financial institutions.
New insights about 'The Sharing economy' and the social dynamics and patterns as well as the good and the ugly.
Sharing economy boosters repeatedly call the whole thing “empowering.” For them, it certainly is. And in some iterations, it can be for all of us. In its full scope, including barter and gift transactions and nonprofit collectives and cooperatives, the sharing economy is decidedly not all bad. Enabling peer to peer commercial interactions can save us time and money; it can lessen our impact on the planet. And it can also replicate old social and economic patterns and further degrade worker and consumer protections.
The collaborative economy is no longer a shiny new model of commerce, but rather in that awkward, in-between, adolescent stage .
I really appreciate the 5 signs that Lisa points to. Which are:
1. The voice has changed
People are choosing to share rather than own. Emerging forces from the bottom up. Cost reduction. Integrated value chains turning products into platforms.
2. Peers are paramount
Collaborative economy hinges on the reputation and trust built between a set of peers. User-generated reputation which quantifie trust based on interactions within the community.
3. The elders get Fidgety
No more under the radar. If the most recent surveys of cities prevail, the cities that first embrace change and create transit and income generation options will win favor with a growing breed of urban dwellers. Mexico is among them.
4. Ecosystems are growing dense and diverse
As specific models and platforms gain market momentum, an entire ecosystem of commerce emerges. Secondary offerings validating the success of early brands.
5. Maturing brings power and responsibility
As the collaborative economy gains steam, it’s also gaining power, which can be measured in several ways: cultural capital, financial capital, and marketplace momentum
While the collaborative economy ventures have not yet hit their prime, they are clearly on their way. Whole new brands, teams, marketplace dynamics, investment in platforms, behaviors, and policies are evidence of the power in these models. With a bit more time, we’ll see the collaborative economy mature past that awkward, in-between stage into a full-fledged, trusted, and increasingly meaningful, global economic force.
Really recommend this article to understand why the 'Sharing economy' is not the holy grail that is illuminating the path towards an economic system that could regenerate the planet and our people.
I have been speaking a lot about this since more and more 'sharing economy' models are appearing every day. Lets remember that capitalism has been quite clever in adapting itself to the worldviews and values of the population. It happened in the 60s and its happening now. Don't get me wrong, its great, yet its not the answer but a small piece of the puzzle.
Another relevant piece is the distinction among collaborative and sharing economy. Stacco Tronocoso says 'the collaborative economy and sharing economy (or collaborative consumption) are not the same concept. The sharing economy is just one part of the collaborative economy, as is distributed production, P2P finance and the open source & knowledge movements. What these phenomena have in common is their reliance on horizontal networks and distributed power within communities, as opposed to competition between hierarchical organisations, which has dominated economic life since the second industrial revolution.
The author even prevents us from using the term 'sharing economy'. Curious? Read through.
Reading this pdf was very inspiring to bring words into the new stories that will allow us to transform one of the major systems that will affect all the rest: our economy.
David Korten says:
Any discussion of a New Economy properly begins with the obvious truth: Without nature, there are no people. The Living Universe and Earth Community provide the underlying frame for the New Story for a New Economy.
He carefully goes through morals and science and the main stories and narratives that have influenced the design of our social systems. He then tells the story of 'the Living Universe' and the interconnectedness, inter-relatedness of all which integrates the one and the many, agency and communion, sovereignty and accountability. Beautiful and essential work.
Is your organization prepared for the intelligent, autonomous and interconnected future of money?
Really beautifully designed pdf about the technological future of money. In my language I find it goes further than money. It names the currency landscape and what is possible even in gift economies. You want an overview of the future? This is the place to start.
Is the sharing economy the first attempt to instill community perspectives in the traditional process of venture capital backed innovation? Or, on the contrary, is that an attempt of Venture Capita...
Best article I have read about 'Sharing economies' in a long time. @meedabyte is honest and direct. The article is also full of powerful resources and moves from sharing economies into innovation and venture capital. He also shares ideas for the implementation of true cooperative capitals and crowdfunding. Very good read. Its long. So, if you don't have a lot of time you might want to check my diigo annotated link for some good gems. https://diigo.com/01hsiq
"Work and leisure are complementary parts of the same living process and cannot be separated without destroying the joy of work and the blis
Lovely article about a vision for Economics which has the potentials of human spirit at the center. Its a practice and aspiration. If you think that economics is to complex, scientific and far from you, think twice. It is the harmony of our society. Its the relationship with matter, wealth and other.
Buddhist economics must be very different from the economics of modern materialism, since the Buddhist sees the essence of civilization not in a multiplication of wants but in the purification of human character. Character, at the same time, is formed primarily by a man’s work. And work, properly conducted in conditions of human dignity and freedom, blesses those who do it and equally their products.
VillageLab is moderating a community with the 'Next economics' topics. The content is leading edge thinking. We are a small community still yet we are already offering free hangouts and workshops of different sizes for communities worldwide.
What makes the FLOK Society report so significant is its informed analysis of global trends in the production of knowledge and culture -- and its bold attempt to reformulate state policies to assure maximum social benefits flow from them.
“We are just beginning to glimpse the bare outlines of an emerging new economic system--the collaborative commons,” explains economist Jeremy Rifkin, the New York Times bestselling author of The Zero Marginal Cost Society . In our new series on disruption, Rifkin discusses the forces shaping our ...
Very interesting perspective, historical context, data and grounded research. A lot to think about.
The SymGen.us platform is a news aggregation tool to find the latest information on the sharing economy, cooperative economy, social solidarity economy, green economy, new economy, as well as the types of enterprises and development strategies contained therein.
They seem to be beginning their website yet coming quite strong.
Our central resource hub offers a place to review existing solutions that individuals, organizations, businesses, and even large institutions like foundations, universities, city governments, and others can use in order to enhance their positive impact.
I am following some of the spinoff designs of bitcoins and this is one very interesting one called Auroracoin, which is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014.
What if community-based trust and online rating reputation systems could let us to get rid of money -- at least as we know it?
Jason offers his experience on using services which have trust as an embedded currency in the system and how it can be manipulated. The invitation I hear is to think further into the design of reputation systems and the balance in between what we measure and our capacities to trust and be impeccable.