The rise of Web 2.0 was heralded as an advancement by not just allowing people to read and write content and do transactions but to connect with each other in new ways. That gave rise, eventually, to Facebook and other social networks, along with a raft of “sharing economy” companies that peddled a fantasy of building community at the heart of busi... See more
The Virtual Economy will provide an opportunity for people to smooth or augment their real-world income through a non-native economic system. This has profound implications for global wealth and income inequality.