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Even the most successful players of the game are gradually undermining the core of their own wealth. Capitalism only works if there are enough successful people to be the customers. A market system can only be sustainable when the accounting is through enough to reflect where value comes from, whic…

If information age accounting were complete and honest, as much information as possible would be valued in economic terms. If, however, "raw" information, or information that hasn't yet been routed by those who run the most central computers, isn't valued, then a massive disenfranchisement will tak…

An amazing number of people offer an amazing amount of value over networks. But the lion's share of wealth now flows to those who aggregate and route those offerings, rather than those who provide the "raw materials." A new kind of middle class, and a more genuine, growing information economy, coul…

[...] People are not just pointlessly diluting themselves on cultural, intellectual, and spiritual levels by fawning over digital superhuman phenomena that don't necessarily exist. There is also a material cost.

People are gradually making themselves poorer than they need to be. We're setting up…

Instagram isn't worth a billion dollars just because those thirteen employees are extraordinary. Instead, its value comes from the millions of users who contribute to the network without being paid for it. Networks need a great number of people to participate in them to generate significant value. …