Lots of adults today in the United States don’t work, and I expect this percentage to increase as we get richer and acquire better automation. But if we keep intellectual property then some people will create stuff that they are only willing to sell for a positive price so they have money to buy stuff that other people are unwilling to give away for free. This could be an efficient outcome if it motivates people to create stuff that otherwise wouldn’t exist.
I didn’t mean to say that ‘capitalism will be destroyed’. Just that I was converted to the idea that it will one day be eclipsed by The Commons as an economic paradigm.
The market will still exist, and may well continue to be the dominant economic paradigm, but it is also possible that the commons will overcome it. So people who only sell things for a positive price will still exist. But more and more, people are making things on creative commons licences, where everyone is allowed to freely use it. This trend has emerged in various sectors over the past decade or two, and is only growing.
Hotels for example are being challenged by various free, or very cheap, services where members stay at other members houses.
Lots of adults today in the United States don’t work, and I expect this percentage to increase as we get richer and acquire better automation. But if we keep intellectual property then some people will create stuff that they are only willing to sell for a positive price so they have money to buy stuff that other people are unwilling to give away for free. This could be an efficient outcome if it motivates people to create stuff that otherwise wouldn’t exist.
I didn’t mean to say that ‘capitalism will be destroyed’. Just that I was converted to the idea that it will one day be eclipsed by The Commons as an economic paradigm. The market will still exist, and may well continue to be the dominant economic paradigm, but it is also possible that the commons will overcome it. So people who only sell things for a positive price will still exist. But more and more, people are making things on creative commons licences, where everyone is allowed to freely use it. This trend has emerged in various sectors over the past decade or two, and is only growing. Hotels for example are being challenged by various free, or very cheap, services where members stay at other members houses.