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RE: [BOOK REVIEW] "Who Owns the Future?" A primer on how humanistic information economies can transform society

in #economy8 years ago (edited)

Thank you for sharing your review robrigo. I have not read the book myself but your description of it sounds very interesting.

The problems outlined here represent a huge threat to the welfare of most people. We simply have too wide a gap between the very rich and the rest and the inequality is only getting worse as AI and automation takes over more and more jobs.

People might not realize how much equity they are trading in order to get those "free" services. Imagine a future scenario where you somehow piss off Google and they kick you out. First of all, you lose most traffic to your website, you probably lose all your historical analytics as well. Then you lose the ability to control the temperature in your home because it is regulated by Google provided thermostats. The autonomous Google cars will not transport you around town and you cannot connect with your friends because you communicate through a Google based messenger app.

I know this is a thought experiment, but it might very well become reality someday.

The blockchain is changing that power structure and will be redistributing wealth so all can have an equal chance.

Peer-to-peer utilities as you mention might be a good idea as well. Not because it necessarily functions better, but because we need to protect the technology from government interference. A government can shut down a company, but cannot shut down all pcs' unless they want to shut down everything including themselves!

Thank you again for spreading the important message!
@ronni

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Thanks for sharing your thoughts @ronni! I agree that people do not realize what they are giving away, and that it is a net loss for the economy to have so much value go unaccounted for. Blockchains are definitely changing the game!