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.

Wikipedia is an amazing construct. It's a commons that works. I don't know how Jimmy Wales came up with it. I'm sure all of us would have said, "This is the stupidest thing we've ever heard of. That'll never work in a million years."

It is not uncommon to suppose that the free exchange of property in markets and capitalism are one and the same. They are not. While capitalism operates through the free market, free markets don't require capitalism.

The transition of world agriculture from food grain to feed grains represents an...evil whose consequences may be far greater and longer lasting than any past examples of violence inflicted by men against thier fellow human beings.

With the communication internet, whole industries have been disrupted. You're in the publishing industry, you understand that. Before, we had newspapers, magazines - now you're on the web. I'm in book publishing. I don't have to tell you what's happened to us. Television has taken a hit. The music industry. But, thousands of new businesses have emerged on this new communication revolution platform. Not just Google, Facebook, and Twitter. There are thousands of operations. Businesses that are doing the platforms, the apps. They're mining the big data. They're creating the connections.

Back in the mid-1980s, congressional hearings were held after we brought this litigation, and held up the first experiment. At that time, I went in front of Congress, along with the major agencies involved with this.

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."