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Historically, free markets and private property protections would give rise to capitalism. But it seems like, in modern times, those two same ingredients give r
by jeffdavis 7y ago
Historically, free markets and private property protections would give rise to capitalism. But it seems like, in modern times, those two same ingredients give rise to something else. This "something else" is partially capitalistic, but the word seems to fit less and less.
Traditionally, a capital investment means something like a tire factory. The right factory in the right place gives the owner an advantage until the market changes or a new supplier makes an even better factory.
Putting things like software, a set of customer relations, a brand, or other modern business advantages in the same bucket as a tire factory just seems wrong.
- CuriousSkeptic 7y agoA nice deep dive into that thought is the book “The Wealth of Networks” by Yochai Benkler https://en.m.wikipedia.org/wiki/The_Wealth_of_Networks https://en.m.wikipedia.org/wiki/The_Wealth_of_Networks It’s main focus is on what he calls Commons Based Peer-Production and how the default capitalistic model of private property doesn’t fit that mode of production