Christian Long

Yochai Benkler: The New Open Source Economics

In TED Talks on May 20, 2010 at 10:35 pm

Reflection by RACHEL M.

Original TED page w/ speaker bio, links, comments, etc:

Yochai Benkler:  The New Open Source Economics

Yochai Benkler on the new open-source economics

There is no doubt that in today’s society an information revolution is taking place. The Internet has allowed many previously unimaginable strides to take place in the world of knowledge and communication. Yochai Benkler provides a link between the developing marvel of the Internet and the future of human social and economic interaction. The communication provided by the internet allows almost infinite possibilities, thus encompassing a wide spectrum of human interests including the economy. This means that for the first time since the Industrial revolution, some of the most important things about society are held in the hands of the people. At this moment, as you are reading, you are a mere click away from anything you are able to type into a search bar, no? This is what Benkler believes has ignited and is fueling the rise of a new way of life, especially in relation to what we are now able to achieve socially and therefore economically via the web.

So, the developing ability to be free on the Internet is similarly opening new doors of freedom in regards to capitalism. In this case, accessibility equal the means to create an economy without limits. The Internet provides a main frame or cyber foundation for expression, and on an even better level FREE expression. Essentially (and to take this idea to a larger scale than the economy), the Internet provides an enjoyable and expedient way to be active in events of the world. Never before have we as humans had the means to achieve what the Internet holds in it’s virtual hands.

I have to say, this talk contains an almost discouraging amount of information and complex ideas. I would highly recommend watching this video for more detail. If you are willing to take the time, and tackle what Benkler has to offer, it is a wonderful video with much insight into the future of the economy and information as a whole. As for the economy, what the infinite information and interactive nature of the internet hold in store may mean a new economic future is on the horizon.

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