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It's not difficult to imagine an economic system where an enterprise is subject to increasing direct control by users and the general public as its scale increases. What if we replaced Start-up > competitor > network-effect monopolist with … > community board / public utility?Permalink On twitter.com
❤️ 3 Favorites
Mood +1 🙂
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From a user interest and public good perspective, @Wikimedia is a more desirable endgame than @facebook, but the funding for technology investment is built around venture capital questing for future monopoly power.Permalink On twitter.com
Mood +6 🙂
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This could be fixed either by… 1. Creating community investment / self-funding models for community-run internet platforms from the start. 2. Credible regulation that transforms monopolists into regulated utilities.Permalink On twitter.com
Mood 0
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3. Some kind of investment pool that captures & funds user-centered platforms and supports an alternative to surveillance capitalist funding models.On twitter.com
Mood +4 🙂
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Not sure which of these is most "realistic" or likely, but we're not talking insane amounts of cash here. @Twitter's annual expenses are $1.5B / less than $7 per average daily user.Permalink On twitter.com
Mood -2 🙁
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Option 4: Require presence of the user base on the board of any company that has > 10 million users. Require representation of employees on the board of any company over say 50, with a growing share as the company scales.Permalink On twitter.com
Mood +2 🙂