Mark Zuckerberg: “A big part of the creative economy is that it's enabling individuals, and shifting power from some traditional institutions to individuals to exercise their own creativity. And I think that that's a positive trend in the world. It's really empowering for a lot of people, and allows a lot of new stuff to get created. I think based ... See more
As Nobel-laureate Robert Shiller observes: “Gold is a bubble, but it’s always been a bubble. It has some industrial uses, but basically it’s like a fad that’s lasted thousands of years.” This is not an argument against gold (or Bitcoin) as a valuable monetary asset, but an astute insight into the bubble-like, reflexive nature of money.
But while socializing or collaborating IRL requires transportation logistics and usually a plan, the new social apps discussed here bring us together instantly, thereby eliminating the need to schedule togetherness ahead of time. Gone too are the geographic limits restraining you to connect only with those within a reasonable commute.
One path forward reconceives data about people as a democratic resource. Such proposals view data not as an expression of an inner self subject to private ordering and the individual will, but as a collective resource subject to democratic ordering.