Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity (35 page)

big data and,
42

branding and,
20
,
35
–37

“likes” economy and,
35
–37

mass,
19
–20

social graphs generated by,
40

market makers,
178
–79

market money,
127
–28,
130

Marx, Karl,
83
,
138

mass media,
20
–21

maturity,
98

Mecklenburg, George,
159

medical debt,
153

Meetup,
196
–97

microfinancing platforms,
202
–4

Microsoft,
83

Microventures,
202
–3

Mill, John Stuart,
135

mining, of bitcoins,
145
,
147

MIT Technology Review,
53

Mondragon Corporation,
220
,
222

money

basket of commodities approach to backing of,
139

blockchains and,
144
–51,
222

central currency system and (
See
central currency system)

cooperative currencies,
160
–65

debt and,
152
–54

digital transaction networks and,
140
–51

extractive purpose of,
128
–31

free money theory, currencies based on,
156
–59

gold standard and,
139

grain receipts,
128

history of,
126
–31

local currencies,
154
–65

manipulating human financial behavior to serve,
151
–52

market,
127
–28,
130

operating system nature of centrally-issued,
125
–26

outlawing of local currencies and replacement with coin of the realm,
128
–29

precious metals and,
128

reprogramming of,
138
–51

traditional bank’s role in serving communities,
165
–67

traditional purpose of,
126

as unbound,
212
–13

velocity of,
140
–41

monopolies

chartered,
18
,
56
,
70
,
101
,
125
,
131

platform,
82
–93,
101

power-law dynamics and,
27
–28

Monsanto,
218

Morgan Stanley,
195

Mozilla Corporation,
122
–23

Mozilla Foundation,
122
–23

Mr. Clean Magic Eraser,
107

music industry,
100

positive reinforcement feedback loop and,
28

power-law dynamics and,
26
–27

360 deals and,
34

Musk, Elon,
121

Myspace,
31

Nakamoto, Satoshi,
143
,
145

National Commission on Technology, Automation and Economic Progress,
52
–53

negative income tax,
64

Neilsen Soundscan,
26
–27

Nelson, Jonathan,
26

Nelson, Matthew,
25
,
26

Netflix,
29
,
48

New Deal,
99

New York Stock Exchange (NYSE),
182

New York Times,
37
–38,
87
,
177

99designs,
200

Nixon, Richard,
63

not-for-profits (NFPs),
121
–23

obsolescence

Amazon business model and,
89
–90

corporations and,
70
–71,
73

employment opportunities, technology as replacing and obsolescing,
51
–54

Occupy Wall Street movement,
100
,
152
,
153

Oculus Rift,
201

offshoring,
78
–79

Olen, Helaine,
170

OMGPop,
192
,
193

online trading platforms,
176
–78

open-source corporate strategies,
106
–7

Open Source Ecology project,
217

Organic, Inc.,
26

Ostrom, Elinor,
216

Pacific Lumber Company,
117

Palmer, Amanda,
38
–39,
199

PandoDaily,
197
–98

Pandora,
34
,
218

Parker, Sean,
191
–92

PayPal,
140
–41

paywalls,
37
–38

peer-to-peer economy/marketplaces,
16
–17,
18

alternative corporate models for fostering,
93
–97

Bandcamp and,
29
–30

central currency as means of shutting down,
128
–29

digital transaction networks and,
141

distribution of ability to create and exchange value by,
29
–30

eBay and,
29

Known business model versus Blackboard’s in fostering,
95
–97

obsolescence of, as effect of corporations,
70
–71,
73

Sidecar business model versus Uber’s in fostering,
93
–94

pensions,
170
–71

Perez, Carlota,
98
,
99

personhood, of corporations,
72
,
73
–74

Amazon and,
90

artificial intelligence and,
91

perspective painting,
235

Piketty, Thomas,
53
–54,
131

Pitbull,
36

Pius X, Pope,
228
–29,
230

platform cooperatives,
220
–23

platform monopolies,
82
–93,
101

acceleration in extraction of value and opportunity from economy and,
92
–93

Amazon (publishing industry) and,
87
–90

becoming entire environment and,
87

creative destruction and,
83
–87

distributive alternatives to,
93
–97

Uber (transportation industry) and,
85
–87

Plum Organics,
119

Poole, Steven,
201

populists,
99
–100

positive reinforcement,
28

Pound Foolish
(Olen),
170

power-law distribution,
26
–29,
30

precious metals currencies,
128

present shock,
6

price gouging,
86

privatization,
114
–16

Proctor & Gamble,
107
–8

productivity gains

corporations failure to capitalize on,
77

great decoupling and,
53

income disparity and,
53
–54

sharing of, with employees,
60
–62

Prosper Marketplace,
203
,
204

publishing industry,
87
–89

Publix Super Markets,
117
–18

quantitative easing,
137

Quirky,
199

Reagan, Ronald,
64

Real Pickles,
205
–6

Renaissance,
45
,
71
,
230
,
235
–37

repatriation of jobs,
80

retirement savings plans,
170
–75

fees and commissions charged for,
173
–74

financial services industry and,
171
–73,
175

401(k) plans and,
171
–74

individual retirement accounts (IRAs),
171

pension accounts and,
170
–71

performance of,
173
–75

retrieval,
71
–72,
73

return on assets (ROA),
76
–77

Rifkin, Jeremy,
62

Roaring Twenties,
99

robotic ad-viewing programs,
37

Rolling Jubilee,
153

Rosenberg, Dan,
205
–6

Rothschild, Lynn Forester de,
111

Ryan, Paul,
138

Ryan, William F.,
63

Santa Barbara Missions,
156

scarcity,
62

Scholz, Trebor,
50
,
223

Schor, Juliet,
58

Schumpeter, Joseph,
83
,
84
,
85

Second Machine Age, The
(Brynjolfsson & McAfee),
23

secrecy,
106
–7

seed-sharing networks,
217

self-help cooperatives,
159

Series A round of investment,
188
–89

shareholder.
See
investors/investing

sharing economy,
44
–54,
218

crowdsharing apps and,
45
–49

crowdsourcing platforms and,
49
–50

employment opportunities, technology as replacing and obsolescing,
51
–54

getting paid for our data and,
44
–45

great decoupling and,
53

jobs assisting with transition to computerized society and,
51
–52

learning to code and,
51

Shift Happens
(Hagel),
76
–77

Shirky, Clay,
27

Sidecar,
93
–94

Silk Road,
145

singularity,
91

Slay, Julia,
58

Smith, Adam,
212
–13

Snapchat,
32

social branding,
35
–37

social graphs,
40

social media, and “likes” economy,
31
–37

Somerhalder, Ian,
36

South by Southwest,
19

specialists,
178
–79

Spotify,
218

Square,
141

Stallman, Richard,
216

stamp scrip,
158
–59

startups,
184
–205

angel investors and,
187
,
188

burn rate and,
190

crowdfunding and,
198
–201

direct public offerings (DPOs) and,
205
–6

Google’s IPO,
194
–95

hypergrowth expected of,
187
–91

microfinancing platforms and,
202
–4

model for building real and sustainable businesses,
196
–98

playbook for establishing,
187

reverse engineering of,
184
–86

Series A round of investment and,
188
–89

venture capital and,
189
–95

steady-state enterprises,
98
–123

alternative corporate structures and,
118
–23

appropriate size for business, finding,
104
–5

benefit corporations and,
119

contracting with small and medium-sized enterprises and,
112

dividends as means of rewarding shareholders and,
113
–14

dual transformation and,
108
–9

ecosystem as model for assembling,
105

employee ownership of company and,
116
–18

extractive bias of traditional corporate model, eschewing,
104

family business model and,
103
–4,
231
–32

flexible purpose corporations and,
119
–20

growth, shifting away from,
103
–6

hybrid approaches to attaining,
106
–12

inclusive capitalism and,
111
–12

low-profit limited liability company (L3C) and,
120
–21

not-for-profits (NFPs) and,
121
–23

open sharing and collaborative corporate strategies and,
106
–7

privatization and,
114
–16

shareholder mentality, changing,
112
–18

technological revolutions, phases of,
98
–102

stimulative economic policies,
136
,
137

stock market crash of 1929,
99

storytelling,
236

Strickler, Yancey,
198

student debt,
153

subsidiarity,
231
–32

supermarket chains, hybrid strategies for,
109
–10

Supplier Connection,
112

surge pricing,
86

synergy,
99

Talmud,
208

Tapscott, Don,
49n

Target,
142

TaskRabbit,
222

tax anticipation scrip,
159

taxi industry,
85
–86

TD Waterhouse,
176

Tea Party,
99
–100

technological revolutions,
98
–102

creative destruction and,
83
–87

destructive destruction and,
100

frenzy phase of,
98
–99

government intervention and,
99
–100

irruption phase of,
98

maturity phase of,
98
–99

synergy phase of,
99

turning point phase of,
99

Thatcher, Margaret,
64

theAudience,
36

Thiel, Peter,
120
,
191
–92

This Changes Everything
(Klein),
135

3-d printing,
62
–63

360 deals,
34

time dollar systems,
161
–63

toy industry,
85

Toyoda, Akio,
105
–6