Citizens will embrace the network economy and not cling to the scale effect economy of the industrial world, so our governments shouldn’t either. The scale economy will not go away, but it’s going to become a smaller part of life and the economy, like agriculture did in the industrial era.
Governments and other traditional forms of hierarchical power are ill-equipped to understand the network economy and evolve the new social contract...they live in a hierarchical world of scale, and we live in the networked world. Different technologies lead to different mental models, different languages, different tools for making positive outcome... See more
Here’s the big change we all need to understand. The network itself is now the means of value creation, and thus wealth creation. Wealth, wisdom, power, and status all flow on the network...the big picture is that we can see each other and communicate about most things instantly and for zero marginal cost.