What does it take for open business models to become an economy of the Commons? What are the pros and cons of a system based on peer production? How do open business models compare with the traditional economic system based on intellectual property and copyright?
I have recently shot a small number of very interesting videos with Michel Bauwens, the peer-to-peer movement evangelist and founder / publisher of the P2PFoundation and in one of these I asked Michel to share his vision of such economic system.
How does he picture a system based on cooperation and collaborative approaches where individuals create and distribute value to their peers?
As he suggests, the key strategy which allows open business models to gradually migrate to a successful economy of the Commons (which are immaterial goods that are everyone’s property like knowledge, code and design) is the emergence of companies that make use of the Commons and then sell the extra value they add to Commons in the marketplace.
Such business approach does not work by leveraging the same approaches of our present system such as classical job employment, wages and copyright. Instead, the new economy of the Commons grounds itself on three new components:
- Distributed communities of passionate individuals working together spontaneously on
- collaborative platform and Internet technologies and by
- the foundations, for-benefit institutions that make their know-how available for free.