The myth of the unbounded individual, the lone merchant with the devil-may-care attitude toward his fellow men allowed Smith to conceive of a society in which men might live without close ties to one another and yet a society which would not descend into barbarism. Emotional distance, a lack of love or compassion, need not descend into violence and murder, according to Smith, because of the principles of disinterested commerce and exchange which he thought that he had uncovered in Man.This is the legacy that Smith has left us today. Not just in the field of economics, but also as a sort of moral or mythic code by which we arrange our social intercourse in mass society. When we step into a shop and purchase a good or a service we are acting as Smithian individuals. We see ourselves as unbounded to those around us and free to make whatever decisions we please. And we believe that once the transaction is complete we can wash our hands of it.The problem is that this is not true and it probably never has been. Today, instead, we see all too clearly the importance of debt. Debt is what ties us together. We may be in the position of creditor or in the position of debtor – or we may even be in the position of neither – but debt affects all of us. Even those of us that balance our books perfectly and do not engage in any form of lending nevertheless rely on banking systems and systems of government founded on the simple and timeless principles of debt. And it is these principles that bind us together.

We are not, in any way, “men who owe no obligation to one another”. Our entire social system is founded on obligation and interconnectedness. This was likely true even in Smith’s time, but his genius was to have hidden it from view and in doing so to construct the founding myth of liberal individualism as it exists in modern times.Yet today the debt issue explodes once more. And because Smith’s mythology cannot contain it we see all around us anxiety together with its attendant primitive emotions such as envy, anger, spite and malice and, in countries such as Greece, a general collapse of the entire social economy. We see politicians obsessed over government debt sending their countries into ruin simply because they adhere to a redundant mythology. In short, we see the chaos that terrified Smith of a society in which, in his words, injustice prevails.

What Smith gave to humanity in his founding of economics was a great lie with which to structure our newly forming nation-states and mass societies. But it was a lie that was in many ways quite fragile. And it is this lie that we see cracking up all around us today. The question is whether we, as a species, will continue to live within this crumbling fiction or whether we can construct a different mythological system founded on principles that are a closer fit to our really existing circumstances.Almost every moral pillar of our contemporary societies – from the discipline of economics, to ideas that dominate about what constitutes good statesmanship – militates against the formation of such a new mythology. And, as psychopathology teaches us well, people are quite stubborn in their giving up of their mythologies, despite their possibly high degree of dysfunction. But given that the stakes are rather high and humans are a fairly adaptive species, we may surprise ourselves yet.

In today’s America, almost 50 percent of adults in the United States are single, and more than a quarter of “households” are just an individual living alone. An increasing amount of social interaction happens online, rather than face-to-face. Living alone may allow us to focus on our own goals without distraction, but it robs us of the type of communication that only happens when people are relaxed and at home together. The spaces between work and life — which, in decades past, would have been filled with conversations over the dinner table — are collapsing. Coliving hacks this trend, infusing the blurring boundaries of work and leisure with new opportunities for inspiration, learning, and social innovation. Here, “home” is reinvented with a new purpose. It’s a community, an ethos, a series of opportunities for collaboration. And while most young professionals are flocking to urban centers like San Francisco to live in modest apartments, some are building a new American dream in once empty suburban McMansions and luxury downtown digs. In this new scheme, your network isn’t just your Facebook friends or business contacts; It includes your friends, influencers, ad hoc family, and your shared home.

The coliving movement may freely use terms like “commune” and “cooperative”, but this ain’t your grandma’s commune. Contemporary coliving builds on communal living practices, embracing a networked tech, business and science-fueled culture built upon innovation and realizing a better world through collaborative design.

Coliving has clear similarities to traditional communes and co-ops. Langton Labs, in particular, bears a strong resemblance to 20th-century cooperative living. It has a flat organizational structure, and most decisions are made on a group email list. “In building a community, we didn't pick an existing model and emulate it,” says Todd Huffman. “We designed everything from the ground up, and in doing so, have ended up evolving in parallel and developing mechanisms that are very similar to cooperatives or communes.” Unlike many prior communal living experiments, coliving spaces are externally oriented. They’re generally located in urban areas, often open to the public on a regular basis, and easy to move in and out of. The ideas brewing behind these doors are quickly realized and implemented in the world outside. Much of this is related to the 21st-century vision of sharing, which allows for a high level of individualism and experimentation. Previous community models were focused on equality, with participants renouncing privileges to adopt a group-oriented mentality. In today’s open-source world, collaboration relies on contributions from a diverse pool of individuals, and welcomes exceptionality.