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It was precisely the capacity to rake in resources that made democracy supreme during the megapolitical conditions of the Industrial Age. Mass democracy went hand in hand with industrialism. As Alvin Toffler has said, mass democracy “is the political expression of mass production, mass distribution, mass consumption, mass education, mass media, mas

James Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age

In the Entrepreneurial Age, there’s more power outside than inside organizations.

Nicolas Colin • Why Don't Uber Drivers Own Shares? Now They Could

Near the end of my stint as an entrepreneur, my friend Henri Verdier (now the chief information officer of the French government) and I wrote a book together: L’Âge de la multitude[177]. We designed it as both a testimonial of what the startup world was all about and a wake-up call for the old world of elected officials, civil servants, and corpora

Nicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age

Peter Thiel doesn’t need much of an intro. He has been at both sides of the fundraising table, sometimes concurrently. He first invested in a precursor to what would become PayPal and soon after joined it in the early days as a co-founder and CEO. Later he founded and invested in Palantir, which specializes in big-data analytics. In August 2004, Th

Ali Tamaseb • Super Founders: What Data Reveals About Billion-Dollar Startups

sources in any but the

Martin Gurri • Revolt of the Public and the Crisis of Authority in the New Millennium

Technological progress has shifted scarcity for humanity. When we were foragers, food was scarce. During the agrarian age, it was land. Following the industrial revolution, capital became scarce. With digital technologies scarcity is shifting once more. We need to figure out how to live in The World After Capital in which the only scarcity is our a... See more

Albert Wenger • World After Capital

In an AI-dominated future, the structure of the American economy is poised for a seismic shift. As AI slashes coordination and transaction costs, the Coase Theorem suggests a fascinating outcome: an economy teeming with smaller, more agile firms. This reduction in costs disrupts the very essence of firm size, allowing nimble players to enter the fr... See more

The most important essay I read in the last month is by Lant Pritchett. He asks why the scarcest economic resources—entrepreneurial ability and technical talent—are going into automating an abundant resource: cheap labor. In the developed world, labor is expensive because of policy restrictions, and it is neither efficient nor equitable to use scar... See more

danwang.co • Definite optimism as human capital

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.