What type of new economical system can organize this system? There is another sector in our life, that we rely on every single day, that are absolutely essential: the social commons, the social economy. It is all the activity we engage in to create social capital. It doesn't create capital market. Social commons is growing faster than the market place. It is growing faster than the market place. The social commons include any activity that is deeply social and collaborative.

What makes the IoT a disruptive technology in the way we organize economic life is that it helps humanity reintegrate itself into the complex choreography of the biosphere, and by doing so, dramatically increases productivity without compromising the ecological relationships that govern the planet.

If I were Mark Zuckerberg or any of these guys, I would say, "My God. How does the world expect us to deal with this?" I mean, it's too big a responsibility; I think they're going to welcome this. They'll maybe keep it in the private sector, but they'll welcome some form of regulatory operation because they've been so successful that they are a global, public good. Everyone needs them.

Turning points in human consciousness occur when new energy regimes converge with new communications revolutions, creating new economic eras.

Economic activity is no longer an adversarial contest between embattled sellers and buyers "In the distributed economy, where collaboration trumps competition, inclusivity replaces exclusivity and transparency and openness to others becomes essential to the new way of conducting business, empathic sensibility has room to breathe and thrive. It is no longer so constrained by hierarchies, boundaries of exclusion, and a concept of human nature that places acquisitiveness, self-interest, and utility at the center of the human experience."

Today we are raised with the notion that to be secure is to be financially autonomous. Amassing wealth is viewed as the primary rite of passage to a secure, autonomous existence.

When you're sharing the music, you're not buying the CD. When you're sharing that video, you're not buying the TV. But we thought, really, there'd be a firewall. While near-zero marginal cost would impact virtual goods, we never thought it would move over to the physical world.