Create More Value Than You Capture
Sharing economies are often driven by non-monetary motivations, but end up being directly or indirectly monetized. What are the implications of this “clothesline paradox”?
As alternative energy advocate Steve Baer once noted, the commons is often ignored in economic analysis. He used a humble analogy to name this "the clothesline paradox": When you put your clothes in the dryer, the energy you use is measured and counted, but when you hang them on the line, the energy "disappears" from the measured economy. But it doesn't disappear from the real economy. In fact, the value that has been created surfaces in unexpected ways.
In this talk, Tim O'Reilly explores how sharing economies are subject to the clothesline paradox. While there are often non-monetary motivations driving these economies, they end up being directly and indirectly monetized. Additionally, he will examine the difference between value creation and value capture, and ruminate on the future of the sharing economy.
"When you build things for the love of it, jobs will emerge and as a result", read PICNIC's report on Tim O'Reilly talk at PICNIC Festival 2012.