Status, Wealth, & Power: Network Effects Demand A New Social Contract

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.

A Company’s Social Contract With Its Labor Supply

For the company:The labor/ creator lets themselves be tracked, measured, and optimized, and the company gets to keep a copy of that data to run its business and maintain the relationship with the laborer for the long term. This is giving up some privacy for the laborer.

Society’s Social Contract with Its Citizens

1. You will give up your privacy.


2. If you’re willing and able, you will have a job.