Machine, Platform, Crowd: Harnessing Our Digital Future
To an increasing degree, individuals capable of creating significant economic value will be able to retain most of the value they create for themselves. Support staff that previously absorbed a large part of the revenue generated by the principal income creators in an enterprise will be replaced by low-cost automated agents and information systems.
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
For a long time there were two basic ways to organize human work: a firm and a marketplace. A firm, such as a company, had definite boundaries, was permission based, and enabled people to increase their efficiency via collaboration more than if they worked outside the firm. A marketplace had more permeable borders, required no permission to partici
... See moreKevin Kelly • The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future
Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier
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Creative destruction has been a hallmark of economic progress for millennia, but it has proceeded at a glacial pace for most of history. The Industrial Revolution sped this process up. Even so, it took decades for change to filter through the economy following innovations such as the spinning jenny, steam engine, and electric generator. The informa
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