Peer production is any activity where people freely aggregrate to create common value and constitute a commons of knowledge, code or design. We believe that this constitutes a true revolution in the “relations of production”, because it institutes freedom in the core ‘economic’ sphere, which hitherto has been marked by a kind of “feudalism”. Indeed, while markets can be said to have instituted new social relations in production and distribution, inside corporations, workers are still dependend for their livelyhoods, and bound by relations of obedience, or command and control. In peer production, we freely allocate our energies and skills. Peer production communities are building crucial new institutions such as the above-mentioned knowledge commons, a new type of ‘for-benefit associations’ which protect these commons and enable their infrastructures of cooperation (think of the ubiquitous ‘FLOSS Foundations’ that accompany most open source projects), as well as enterpreneurial coalitions of market players, which create ‘value on top of the commons’.