Peers Inc: How People and Platforms Are Inventing the Collaborative Economy and Reinventing Capitalism

The Peers Incorporated model combines two powerful forces. On one side, we have industrial strengths: companies, governments, and institutions (i.e., the "Inc.") that apply significant resources, talent, and money to simplify the complex, apply standards and consistency, deliver economies of scale, and create global brands. On the other we have individual-strengths: autonomous individuals and small companies (i.e., the "Peers") engaged in local, small scale, customized, and specialized efforts to create just-right unique goods and services, often tapping into their own social networks to promote and distribute them. When companies and peers each are able to focus on what they do best and can handle what is difficult, annoying, or just plain impossible for the other, the effect of the collaboration is salutary for both sides. The skills and assets of the small and the large are complementary and symbiotic, mutually dependent and yet autonomous. By tapping into the inherent and unique talents on both sides Peers Incorporated transforms the sources of value creation, and therefore of power. It lets us transcend the tradeoffs that have long plagued the industrial economy. It leverages standards and rules without squandering theimagination and initiative of free-spirited human beings. It harvests operational discipline without straitjacketing our capacity to adapt. It multiplies the purchasing and creative power of consumers the world over, without consigning them to quasi-feudal, top-down organizations. These new organizations are the embodiment and the lifeblood of the transition to a new cooperative capitalism, one that is dramatically more efficient, more innovative and more humane. Peers Inc. deepens and enriches recently emergent practices such as the sharing economy, crowdsourcing, collaborative production, and collaborative consumption. It is fostering relationships that go beyond simple peer-to-peer interaction, enabling peer-to-business, peer-to-government, and small business to big business. They aren't bound by the goods of the industrial age, they are able to exchange expertise, networks, data, light and energy, or whatever else creates value for both sides.