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What happens to a system when more and more people realize it no longer works in their interest?
In today’s economy, too many things that benefit society are unprofitable — and too many profitable things harm society.
We see this everywhere in our daily lives.
Social media extracts profit from our attention instead of helping us build meaningful connections.
News media keeps us perpetually outraged and afraid instead of informing us.
AI is on a trajectory to hollow out our economy (or worse) instead of enriching us intellectually and materially.
And despite the breakthroughs of the information age, conflicts of interest in medicine, science, and agribusiness leave us unsure of what’s truly good for our bodies and minds.
So why does the system fail to serve people’s interests across so many domains?
It’s not really because of greed. Nor because of some conspiracy or shadowy cabal plotting to make our lives miserable. The truth is simpler.
Our economy currently has business models for consumer and commercial goods — but not for ecosystem goods, the kinds of goods that benefit society as a whole.
When we try to shoehorn ecosystem goods like journalism, AI, or medicine into limiting business models, we inevitably create misaligned incentives — a dynamic that enriches the few while disadvantaging the many.
With the acceleration of exponential technologies, these dynamics can easily push us toward dystopian — or even catastrophic — outcomes for society.
But there’s good news: we can change that!
In The New Economic Revolution, we unpack the mechanisms that produced our current economic dysfunction, explore where it’s headed, and — most importantly — show how we can upgrade the economy so that what’s good for society is also good for the market.
We show why blockchain is essential to making this transformation possible: it is currently the only technology that enables sustainable business models for ecosystem goods — not just consumer or commercial ones.
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Mike Natanzon
This is why I'm so excited about blockchain and its possibilities. Hoping well-established ecosystem goods can establish before capitalist institutions and grifters pollute the system entirely.
i love open source but its hard to make money when you give it away publicly for free
Open source is all about creating an honest and transparent product that people can trust more easily. And if your product delivers real value and makes an impact, you can actually make even more money than closed-source products.
Untrue. Have you seen the valuations of opensource companies? You don’t give everything away for free. The free is the distribution and adoption. You can build plenty of success around it
yes but i kinda hate the bait and switch nature of COSS and BSL i think the best way to yhink about it is you only relicense to a poorer license once millions are at stake or smt
No need for bait and switch or BSL. See Wordpress and automattic. Drupal. So many examples I don’t even need to talk about mysql. Red hat? Etc
so how do open source make money
they don't. it's also the perfect problem for crypto to solve (tho hardly anyone is working on it)
Gitfish. Gitcoin. @tipdotmd There are more but it’s not necessarily the perfect solution for crypto because a lot of opensource projects/their maintainers also are very concerned that crypto is a massive scam. And you can’t blame them. See https://gist.github.com/torvalds/6faadce34c56d53b2d5352da0c3cd093?permalink_comment_id=5622276
for some projects, run the open source code and offer as a service
i made more $20K from open source, there is some of foundations give the contributors a lot of money but to now i can’t find a good projects really help devs to make easy money like kaito so for creators so do you think developers would care about something like this if someone actually built it?