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The recent breakdowns of finance can be understood as the symptoms of a fallacious hope that information technology can make promises on its own, without people.

The usual Manichaean portrayal of the digital world is "new versus old". Crowdsourcing is "new," for instance, while salaries and pensions are "old." This book proposes pushing what is "new" all the way instead of part of the way.

In the event that something a person says or does contributes even minutely to a database that allows, say, a machine language translation algorithm, or a market prediction algorithm, to perform a task, then a nanopayment, proportional both to the degree of contribution and the resultant value,…