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Entrepreneurs could sidestep the VCs by turning to a “swarm” of small investors — and maybe supplant the entire VC system. By the end of the summer, he’d raised more than a million dollars in cryptocurrency. The legality of the model is uncertain,

High hopes for a liberating Internet have devolved into the dominance of a few mega-companies and the NSA’s watchful algorithms. Platforms entice users to draw their communities into an apparently free and open commons, only to gradually enclose it by tweaking terms of service, diluting privacy, or charging fees for essential features.

Facebook started flocking to Ello

The line between workers and customers has never been so blurry. Online platforms depend on their users

looking for ways to build platforms of their own.

VC-backed sharing economy companies like Airbnb and Uber have caused trouble for legacy industries, but gone is the illusion that they are doing it with actual sharing.

OuiShare, which connects sharing-economy entrepreneurs around the world

it’s becoming clear that ownership matters as much as ever.

Loomio is now being used by governments, organizations, and schools; a significant portion of the current usage comes from Spain’s ascendant political party, Podemos.

new kinds of ownership the new norm. There are cooperatives, networks of freelancers, cryptocurrencies, and countless hacks in between.

aspire toward an economy, and an Internet, that is more fully ours.

Jeremy Rifkin, a futurist to CEOs and governments, contends that the Internet-of-things and 3-D printers are ushering in a “zero marginal cost society” in which the “collaborative commons” will be more competitive than extractive corporations.

People are recognizing that doing business differently will require changing who gets to own what.

form of ownership

Cooperative intelligence

Occupy’s kind of direct democracy and made it available to the world in the form of an app — Loomio

It’s a worker-owned cooperative that produces open-source software to help people practice consensus — though they prefer the term “collaboration” — about decisions that affect their lives.

Enspiral, an “open value network” of freelancers and social enterprises devoted to mutual support and the common good.

Rather than giving up on ownership, people are looking for a different way of practicing it.

The worker cooperative is an old model that’s attracting new interest among the swelling precariat masses

Co-ops help ensure that the people who contribute to and depend on an enterprise keep control and keep profits

multi-stakeholder cooperative — one in which not just workers or consumers are voting members, but several such groups at once

“It’s more about hacking an existing legal status and making these hacks work.”

Sensorica pays workers for their contributions to the product. Unlike Sovolve, they participate in the company democratically. Everything from revenues to internal criticism is out in the open, wiki-style, for insiders and outsiders alike to see.

Only one device has been sold

Bitcoin

makes possible decentralized autonomous organizations, or DAOs,

The most ambitious successor to Bitcoin, Ethereum,

to develop decentralized social networks,

even an entirely new Internet

Swarm’s competition makes it hard not to notice the inequalities built into the models vying to disrupt the status quo. Bitcoin’s micro-economy holds the dubious distinction of being more unequal than the global economy as a whole. On a sharing platform, who owns, and who just rents? In an economy of cooperatives, who gets to be a member, and who gets left out?

Sooner or later, transforming a system of gross inequality and concentrated wealth will require more than isolated experiments at the fringes — it will require capturing that wealth and redirecting its flows. This recognition has been built into some of the most significant efforts under the banner of the so-called “new economy” movement. They’re often offline, but that makes them no less innovative.

connecting them to large anchor institutions in their communities; hospitals and universities with deep pockets can help a new enterprise become viable much more quickly than it can on its own

Government is an important source of support, too. Perhaps more than some go-it-aloners in tech culture might like to admit, a new economy will need new public policies

The early followers Francis of Assisi at first sought to do away with property altogether

There are many ways to own. Simply giving up on ownership, however, will mean that those who actually do own the tools that we rely on to share will control them.

changing what owning means altogether.

reliance on horizontal networks and distributed power within communities

opposed to the competition between hierarchical organisations

inequality

contradictions

Empowerment in an era of growing inequalities

the exact opposite of capitalism

the exact opposite of homo economicus’ iconic egotism

Two main groups of criticism have emerged: one on ownership structures and the other on employment.

Growing economic inequalities

fueled both by patrimonial inequalities

income inequalities

If we want to assess whether it should be seen as the first part of a new economic paradigm or as capitalism’s latest trick to survive at all costs, we have to analyze its likely effects on inequality.

From a collective standpoint, it might well be better to have access to a resource rather than owning it.

But if someone asks you to free yourself from all earthly possessions, you should always ask: if it’s not mine, then who owns it?

Sometimes, owning is a way not to be owned!

sharing economy: after all, it mostly consists of venture capitalist-backed startups

Employees and customers are but a mean to an end, and in general, a good way to maximize return on investment is to get your customers to pay as much as possible (non-price competitiveness) and on the other side to pay your employees as little as possible (price competitiveness).

shareholders are not peers (from Latin par, “equal”), but overlords

your business model is based on your ability to sustain a community

This point is the most controversial of all. Sharing economy services could accelerate the phenomenon of job destruction.

Despite all those nice speeches about empowerment and entrepreneurship, people in the sharing economy are nothing but an extreme precariat

Real wages started stagnating while productivity per capita continued to increase.

a new deal had to be made: people would no longer be paid according to the value they actually produced, but they would get — seemingly — unlimited access to credit.

computers and robots will soon replace most human labor anyway. Wage labor cannot be saved, and rather than fighting long-lost battles, people should start thinking seriously about solutions such as Universal Basic Income.

neo-liberal revolution has left the basic structures of welfare

relatively untouched

If you cannot predict something with a reasonable amount of certainty, stop arguing endlessly about it and start acting towards the outcome you would like to see

What happens next, no one can tell. Are Silicon Valley venture capitalistss currently being fooled into creating the embryo of a P2P economic paradigm, in which they will lose most of their influence? Or are the enthusiasts talking about empowerment being tricked into creating a new kind of serfdom?

ancient Skeptic philosophers

epoché

remarks

I will make two

First, we should avoid using the concept of a “sharing economy”

Men are both altruistic and egoistic, and that’s perfectly fine.

Will big companies be able to face new competition from startups and win over new customers? If that is your main concern, you should probably stop talking about communities and peers. If the collaborative economy cannot help you solve our growing inequality problem, it should be of no interest to you.