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making the world a better place (MASON: the prophets of postcapitalism…
making the world a better place
RIFKIN: the great paradigm shift
the eclipse of capitalism
supply - demand self-regulation (Adam Smith)
economic forces stay in motion (Jean-Baptiste Say)
new technologies - more goods at lower price
cheper price = more money leftovers = new competition
monopoly / oligopoly ?
high prices
needs to increase productivity again
new players introduce breaktroughs
but if not?
extreme productivity = optimum general welfare
products become almost free
3 more items...
everything is a market
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Lange
new technology = temporary advantage
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protecting the industry prevents new opportunities
Summers and DeLong
data processing and communication technologies
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marginal cost = 0
must anticipate profit
changing the economic paradigm
Thomas Kuhn
first front: thermodynamics
second front: the internet of things
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the internet of things
connecting everything to everyone
big data
built environment and natural environment interconnect
highly better productivity
any infrastructure
communication medium
communication internet
CPO: chief productivity officer
power source
energy internet
logistics mechanism
logistics internet
the rise of the collaborative commons
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predate market and government
not seen as very important by economists
already impacting economic life
GDP
different measurement of economic welfare
self managing
capitalist market likely will not disappear
MASON: the prophets of postcapitalism
merging the virtual world with the real
old objects made intelligent
Drucker: labour and capital secondary to information
productivity of knowledge
network
social archetype
the universal educated person
leadership group
networked individuals
4 revolutions of capitalism
info-goods
Paul Romer
defining innovation
information economy behaves differently from production and services based
copy-paste = zero marginal cost
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messy intellectual property law
destroys normal price mechanism
monopoly - the only way an industry can run
profits will be eroded over time
scarcity vs abundance
open source
software vs hardware
microsoft
Richard Stallman - free software movement
GNU
by standard economics - should not exist
new mode of production
Yochai Benkler
means of production in hands of many people
rise of non-market mechanisms
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Wikipedia
commons based peer production
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planned modularity
many people
skating to the edge of chaos
Kevin Kelly
network economy
communication between all beings and all objects
IoT
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communication, not computation
3 main characteristics
free stuff
externalities
good
bad
information economy
externalities everywhere
Kenneth Arrow
underutilised information
free market
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general intellect
Marx - the fragment of machines
machines produce; people supervise
information - main productive force
'social' machines
contradiction between forces of production and social relations
route to postcapitalism?
third kind of capitalism
Yann Moulier-Boutang
key - capture of the externalities
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transformed nature of work
society = factory
blurred production and consumption
postcapitalism hypothesis
Rifkin
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peer-production not= capitalism
IoT
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closer to zero price
value is more brand than cost of production
financialization and 2 streams of profit
rise of non market production
free stuff drives out commercially produced commodities
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capitalism reshapes - info-monopolies
creation of value all the time
postcapitalism?
NEW YORKER: change the world
Green
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politics
Zuckerberg
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business
show social responsibility when convenient
libertarian
information revolution
government
slow
hierarchical / transactional / opaque
Newsom
closer to tech industry
gamification / solutionism
tech business
fast
empirical / transparent / data driven
Horowitz
get into politics / changing attitutde
FWD.us
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changing idea of silicon valley / government
slow economy growth / no middle class / 'silicon bubble'
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/ stress
closely connected to IoT
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