Decentralization is a trend I have discussed on many, many occasions in the past. My personal attraction toward the movement comes from a political and social perspective, rather than merely an appreciation of its economic implications. My most recent piece on the subject highlighted the importance of worker owned co-ops. If you missed it the first time around, I suggest checking it out: The Co-Op Movement – A Decentralized Solution to Solving Inequality and Avoiding Serfdom?
Last night, I came across a phenomenal 30 minute video in which famed venture capital investor Fred Wilson discusses what he thinks are the mega trends of our time. In a nutshell, he thinks decentralization is the biggest trend, which he partly defines as “networks replacing traditional bureaucratic, pyramidical hierarchies.”
In this way, “the crowd” decides what it is important and what is popular, whether it is a news story, a documentary film or music. We are still in early days of this process, but it is inevitable.
This is simply a must watch for anyone interested in the dynamic world around them.
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