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In summary, dense cities agglomerate critical, often scarce resources that can be shared collectively. Utilizing these shared resources, firms are free to specialize and innovate on their small slice of the pie. This combination of shared resources and specialization is the magic that makes cities so productive.

Based on the above, the answer(s) to the second question is that the gatekeepers of web3 will be organizations that know how to allocate capital in a world of endless investment opportunities (A16Z is already working on that). They will also be organizations that can aggregate demand for various shared resources — just like Airbnb, but for many... See more

The most profound legacy of the dominance of bureaucratic forms of organization over the last two hundred years is that it has made this intuitive division between rational, technical means and the ultimately irrational ends to which they are put seem like common sense.

Let’s close with the following: Storytelling With A Soul Still Succeeds