On "Tragedy of the Commons in the Production of Digital Artifacts"
Karthik has just recalled this old article of his (about energy and scarcity). To quote: "As [Maslow] suggested, if self actualization is the ultimate goal of the human species, it would require a society based on energy and technological abundance to free the human race from the chains of labor that is based on negative extrinsic motivation. In the words of Heidegger to eventually reveal life’s existential meaning by becoming the authentic being. This requires efficiencies in creating new capital and recycling existing capital to innovate and reach this point of abundance. De Lillo describes the role of cyber-capital in uniting the world to achieve this goal of abundance, where humanity is tied together in an interlinking web of incentives (profits through arbitrage that exist due to information asymmetries or temporal divergence of price movements) here societies not only experience altered temporal/spatial consciousness but also increasingly accelerated rates of change. The model that accelerates humanity towards this future will remain the predominant model of production and innovation, today it is the firm ( creates efficiencies through long term contracts, reduces transaction cost and generates profits through product ownership and barriers to entry), market (as a means to raise capital and uses price signalling for course corrections) and CBPP with an entrepreneurial coalition (to tap the global diaspora of prosumers and democratize innovation through firm mediated structured participatory innovation)."
This was a decade before the wasteful, ruinous hype around so-called 'hey hi', which ruins human knowledge and damages the planet.
There's a better way to do things. None of that should involve GAFAM. █
