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The Sharing Economy Lacks A Shared Definition

The Sharing Economy Lacks A Shared Definition | The Next Edge | Scoop.it

You may have noticed the terms “sharing economy,” “peer economy,” “collaborative economy,” and “collaborative consumption” being used synonymously. Ideas like “crowdsourcing,” the “maker movement,” and “co-creation” are being thrown into the mix. The space is getting muddy and the definitions are being bent out of shape to suit different purposes. So, do I think these terms have different meanings? Yes. Are their common core ideas that explain the overlap? Absolutely.

 

People have asked me why I have not publicly clarified this earlier. To be honest, it is hard to do so without being accused of trying to “defend” a term. The words used concern me less than how they are being defined, and the core meaning of the space being misunderstood. Definitions are hard, especially when they are trying to capture new ideas never expressed before. As Bertrand Russell famously once said: “Everything is vague to a degree you do not realize until you have tried to make it precise.” When I first began writing about this space nobody knew how big it might get. Its growth and expanding nature are, for the most part, a good thing but we need clear definitions that will enable us to move forward with a common understanding.

ddrrnt's insight:

ht @Zaq Mosher  https://twitter.com/wwjimd/status/406893277984849920

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New Rules for the New Economy

New Rules for the New Economy | The Next Edge | Scoop.it

1) Embrace the Swarm. As power flows away from the center, the competitive advantage belongs to those who learn how to embrace decentralized points of control.

2) Increasing Returns. As the number of connections between people and things add up, the consequences of those connections multiply out even faster, so that initial successes aren't self-limiting, but self-feeding.

3) Plentitude, Not Scarcity. As manufacturing techniques perfect the art of making copies plentiful, value is carried by abundance, rather than scarcity, inverting traditional business propositions.

4) Follow the Free. As resource scarcity gives way to abundance, generosity begets wealth. Following the free rehearses the inevitable fall of prices, and takes advantage of the only true scarcity: human attention.

5) Feed the Web First. As networks entangle all commerce, a firm's primary focus shifts from maximizing the firm's value to maximizing the network's value. Unless the net survives, the firm perishes.

6) Let Go at the Top. As innovation accelerates, abandoning the highly successful in order to escape from its eventual obsolescence becomes the most difficult and yet most essential task.

7) From Places to Spaces. As physical proximity (place) is replaced by multiple interactions with anything, anytime, anywhere (space), the opportunities for intermediaries, middlemen, and mid-size niches expand greatly.

8) No Harmony, All Flux. As turbulence and instability become the norm in business, the most effective survival stance is a constant but highly selective disruption that we call innovation.

9) Relationship Tech. As the soft trumps the hard, the most powerful technologies are those that enhance, amplify, extend, augment, distill, recall, expand, and develop soft relationships of all types.

10) Opportunities Before Efficiencies. As fortunes are made by training machines to be ever more efficient, there is yet far greater wealth to be had by unleashing the inefficient discovery and creation of new opportunities.


Via Xaos, Spaceweaver
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Xaos's curator insight, December 19, 2012 3:24 AM

1) Embrace the Swarm. As power flows away from the center, the competitive advantage belongs to those who learn how to embrace decentralized points of control.

2) Increasing Returns. As the number of connections between people and things add up, the consequences of those connections multiply out even faster, so that initial successes aren't self-limiting, but self-feeding.

3) Plentitude, Not Scarcity. As manufacturing techniques perfect the art of making copies plentiful, value is carried by abundance, rather than scarcity, inverting traditional business propositions.

4) Follow the Free. As resource scarcity gives way to abundance, generosity begets wealth. Following the free rehearses the inevitable fall of prices, and takes advantage of the only true scarcity: human attention.

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The debt strike is the key weapon to restore popular power | via P2P Foundation

The debt strike is the key weapon to restore popular power | via P2P Foundation | The Next Edge | Scoop.it

For every creditor there must be a debtor and both are necessary. While the creditors – the banks – have realised their power, the debtors – everyone else – haven’t. A glance at the level of private debt reveals just how much potential there is.


Student debt now stands at an estimated £40.3bn, while a combination of stagnant pay and high living costs has left Britain’s average family with unsecured loans worth £7944 each – a staggering total of £210bn of unsecured debt. It is a severe drag on an already knackered economy. Suppose, though, if people refused to repay.


Rather than channelling falling incomes back to the banks that scripted the recession, they simply reject repayment. Immediately, there would be a union of debtors capable of clawing power away from financiers. The old cliché would kick in: ‘Owe the bank £10,000 and the bank owns you. Owe the bank £10,000,000 and you own the bank’. Like those canals and railways of industrial Britain, the credit cards and student loans of financialised Britain give people leverage over elites. The difference is that it now takes debt strikes, and not labour strikes, to harness this power.

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Happy Planet Index

nef's Happy Planet Index is an innovative measure that shows the ecological efficiency with which human well-being is created around the world.


It is the first ever index to combine environmental impact with well-being to measure the environmental efficiency with which country by country, people live long and happy lives.


visit neweconomics.org for more.

also see video re: 21 hr work week.

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'The Economist' Discusses Money Creation

'The Economist' Discusses Money Creation | The Next Edge | Scoop.it
An unnamed journalist at The Economist seems to have caught on to the significance of money creation by banks, after reading Richard Duncan's latest book The New Depression.

 

This is not capitalism, [Duncan] suggests, but “creditism”. It is this system which has broken down, and unless you understand it, you will not be able to fix it.


Via Connor Turland
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The Shared Patterns of Indigenous Culture, Permaculture and Digital Commons

The Shared Patterns of Indigenous Culture, Permaculture and Digital Commons | The Next Edge | Scoop.it

I love the idea of “catchment in webs of trust” – Blais’ idea that extended networks of trust can begin to harness flows of energy within a group of people. The community can then become a generative social infrastructure for all sorts of amazing endeavors.

Blais urges to go even a step further, however, by recognizing that we must somehow “move beyond the logic of commons/enclosed, of free/private” so that the intrinsic dynamics of nature – beyond human control – can have their play.

 

She cites the Six Nations of the Lakota, who suggested in the late 1940s that even the very notion of human rights needs to evolve:

 

- There is a hue and cry for human rights – human rights, they said, for all people. And the indigenous people said: What are the rights of the natural world? Where is the seat for the buffalo or the eagle? Who is representing them here in this forum? Who is speaking for the waters of the earth? Who is speaking for the trees and the forests?

 

One can imagine the commons being the crucible for an enlarged conception of human rights — one that more closely integrates human needs with those of the rest of the bio-physical world.”

 

- Michel Bauwens

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Hippie Capitalism: How An Impoverished U.S. City Is Building An Economy On Co-ops

Hippie Capitalism: How An Impoverished U.S. City Is Building An Economy On Co-ops | The Next Edge | Scoop.it

With sky-high unemployment, Richmond, California, is not a place where traditional business models alone can dent poverty. The city has turned to co-ops in hopes that people who might be unemployable in the traditional economy gain access to both jobs and control over their own labor.

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About the Service Ecology of Resilience

About the Service Ecology of Resilience | The Next Edge | Scoop.it

shared by Vinay Gupta @leashless

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Toward the Global Transition — 2012 and Beyond

Toward the Global Transition — 2012 and Beyond | The Next Edge | Scoop.it

It is increasingly clear that the institutions of yesterday are inadequate for the challenges of tomorrow.  Multinational corporations bent toward the myopia of quarterly returns are ill-fit for extended periods of volatility and turbulence.  Centralized governments, with an opacity built in to ensure secrecy, cannot keep pace with the speed-of-light communications of 21st Century internet-based and mobile technologies.  They must be opened up and redesigned with agility and integrity as guiding principles.

 

What is needed now is nothing less than the wholesale redesign of civilization.  Our banking institutions must be reconnected to the thriving of human communities.  Our schools and universities must cultivate a creative resilience that enables massive-scale innovation.  Our businesses must produce positive social impacts alongside healthy revenues.  And our governments must successfully provide the supports through which well-being is sustained and spread across the entirety of nations, cities, and villages.

 

This concept of bridge-building across paradigms was developed by the Berkana Institute. http://berkana.org/about/our-theory-of-change/

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Archive for ‘P2PF/Orange Report’: Synthetic overview of the collaborative economy full appendixes

Archive for ‘P2PF/Orange Report’: Synthetic overview of the collaborative economy full appendixes | The Next Edge | Scoop.it
Rushkoff on “Synthetic Overview of the Collaborative Economy Report”   “There is no longer any excuse to remain ignorant of the vast peer-to-peer landscape that is slowly but surely replacing ...

Via GNUnion - One Big Meshwork
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The Industrial Age is Dead - Time is the New Money

The Industrial Age taught us to value money above time. Giant Corporation, Inc. wanted you to focus on making money, not on having time to do anything with it. They needed all your time to run the machines. In the 21st Century we will understand that riches may equal money, but wealth equals freedom – the ability to choose what to do with my time. We will understand that money does not give us freedom, only time can do that.

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Dibyendu De's comment, December 7, 2012 12:26 AM
The other shift that must happen if we were to change this paradigm is Energy Management and not Time Management.
Dibyendu De's comment, December 7, 2012 12:27 AM
The other change that must happen if we are to change this paradigm is Energy Management and not Time Management.
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Why Millennials Don't Want To Buy Stuff

Why Millennials Don't Want To Buy Stuff | The Next Edge | Scoop.it

Compared to previous generations, Millennials seem to have some very different habits that have taken both established companies and small businesses by surprise. One of these is that Generation Y doesn't seem to enjoy purchasing things.


The Atlantic's article "Why Don't Young Americans Buy Cars?" mused recently about Millennials' tendency to not care about owning a vehicle. The subtitle: "Is this a generational shift, or just a lousy economy at work?"


What if it's not an "age thing" at all? What's really causing this strange new behavior (or rather, lack of behavior)? Generational segments have profound impacts on perception and behavior, but an "ownership shift" isn't isolated within the Millennial camp. A writer for USA Today shows that all ages are in on this trend, but instead of an age group, he blames the change on the cloud, the heavenly home our entertainment goes to when current media models die. As all forms of media make their journey into a digital, de-corporeal space, research shows that people are beginning to actually prefer this disconnected reality to owning a physical product.

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Multitude Project: How to play the open game in the present and future economy

Multitude Project: How to play the open game in the present and future economy | The Next Edge | Scoop.it

One of the problems we need to solve during this transition is to define a strategy to play the open game. How can we make sure that those who invest in open products get rewarded for their contribution? How can we make sure that one can feed his family from participating in the design, production and distribution of open products. We often hear: "if your product is successful you'll get copied"; "if you offer your recipe to everyone no one will buy your product, people will make it themselves"; etc.

 

Playing the open game is not just about releasing all the information and knowledge about the product.

Games require rules. A lot of efforts have been spent on drafting licenses for open products (see example from p2p foundation). But these licenses are, in some sense, as good as patents, i.e. as good as YOU can defend them.

 

http://p2pfoundation.net/Peer_Production_License

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The Abundance Builders | World Future Society

The Abundance Builders | World Future Society | The Next Edge | Scoop.it

Progress occurs when inventive people solve problems and create opportunities. Here are just a few of the breakthroughs that offer the brightest prospects for a future that leaves austerity and deprivation behind.

 

By Peter H. Diamandis and Steven Kotler

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About us | Global Transition 2012

About us | Global Transition 2012 | The Next Edge | Scoop.it

"The Global Transition 2012 is an international network of organisations and leading thinkers from the Global North and South.

 

It is catalysing a ‘Global Transition’ by building a community of civil society organisations across the globe to promote and deliver a rapid transition to the desirable and beneficial economy that we aspire to.

 

The ultimate vision of the initiative is an alternative global green economy that maximises well-being, operates within environmental limits and is capable of coping and adapting to global environmental change."

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