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I suggest that we are seeing is the broad and deep emergence of a new, third mode of production in the digitally networked environment. I call this mode "commons-based peer-production," to distinguish it from the property- and contract-based models of firms and markets. Its central characteristic is that groups of individuals successfully collaborate on large-scale projects following a diverse cluster of motivational drives and social signals, rather than either market prices or managerial commands.

Monocle

The strength of currencies has become a source of tension between some of the world's biggest economies, especially the US and China. Brazil's finance minister went as far as to warn that his country would not stand idly by as international currency wars threatened its competitiveness. What was he talking about? Watch this animated guide to find out about why countries are falling out with each other because of their currencies.

both individuals and societies needed to learn how to adapt to and manage the sources of over-rapid change.

Possibly the best section in the book is that on education. Here he advanced a powerful critique: ‘what passes for education today, even in our ‘best’ schools and colleges, is a hopeless anachronism.’ He then added: for all this rhetoric about the future, our schools face backwards towards a dying system, rather than forwards to an emerging new society. Their vastenergies are applied to cranking out Industrial Men - people tooled for survival in a system that will be dead before they are. (2) The thesis was then advanced that the prime objective of education should be to ‘increase the individual’s ‘cope-ability’ - the speed and economy with which he can adapt to continual change.’ (3) Central to this was ‘the habit of anticipation’. Assumptions, projections, images of futures would need to become part and parcel of every individual’s school experience.