Cryofan writes "In a recent interview, Howard Rheingold (author of Smart Mobs) discussed the possibility of a 'new economic system' born of 'unconscious cooperation' embodied by such technologies as Google links and Amazon lists, Wikipedia, wireless devices using unlicensed spectrum, Web logs, and open-source software. Rheingold speculates that 'the technology of the Internet, reputation systems, online communities, mobile devices...may make some new economic system possible....We had markets, then we had capitalism, and socialism was a reaction to industrial-era capitalism. There's been an assumption that since communism failed, capitalism is triumphant, therefore humans have stopped evolving new systems for economic production.' However, Rheingold is worried that established companies with business models that are threatened by these new technologies could 'quash such nascent innovations as file-sharing -- and potentially put the U.S. at risk of falling behind the rest of the world.'"
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