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Tomorrow 3.0
by Trinity 17/6/2018, 20:17
By reducing transaction costs, the economy of the future will decentralize workplaces and transform ownership of consumer goods.
Economist Michael Munger’s new book, Tomorrow 3.0: Transaction Costs and the Sharing Economy, explains how the growing ability for middlemen to sell reductions in transaction costs is transforming the way that we consume, live, and work. According to Munger, we can reduce transaction costs by overcoming 3 types of obstacles: triangulation, transfer, and trust. People who might like to “share” stuff (i.e. rent it) need to find each other, communicate, and make the money and stuff change hands — feeling comfortable and safe all the while.
Economist Michael Munger’s new book, Tomorrow 3.0: Transaction Costs and the Sharing Economy, explains how the growing ability for middlemen to sell reductions in transaction costs is transforming the way that we consume, live, and work. According to Munger, we can reduce transaction costs by overcoming 3 types of obstacles: triangulation, transfer, and trust. People who might like to “share” stuff (i.e. rent it) need to find each other, communicate, and make the money and stuff change hands — feeling comfortable and safe all the while.
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:18
The entities best able to clear these hurdles are essentially software shops, not traditional firms with fleets of traditional employees. Rather than manufacturing things, these companies exist to make connections between people using an automated and algorithmically-enabled matching process. When these middlemen succeed, already-made things accrue genuine excess capacity that didn’t previously exist in the absence of a marketplace for these items.
This new ability to rent reduces the liabilities of under-utilization (property no longer has to be stored, maintained, etc). Some liabilities even turn into outright assets, like an often-vacant vacation home that now more than pays for itself on Airbnb. One by one, these software-facilitated transactions move things to places where they are used more efficiently, increasing the amount of goods available to consumers while the middlemen pocket their well-earned share of the proceeds.
This new ability to rent reduces the liabilities of under-utilization (property no longer has to be stored, maintained, etc). Some liabilities even turn into outright assets, like an often-vacant vacation home that now more than pays for itself on Airbnb. One by one, these software-facilitated transactions move things to places where they are used more efficiently, increasing the amount of goods available to consumers while the middlemen pocket their well-earned share of the proceeds.
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:19
Similar to Uber and Airbnb, platforms for coworking office space reduce transaction costs by connecting people who’d rather not work in Starbucks with spaces that office owners would rather not sit empty. So, the deals happen. For just a few bucks, I got my butt into a seat. And whoever pays for that incredibly valuable SoHo space makes their business a little more successful. Coworking spaces by their nature draw various freelance clients whose work (and subscription dollars) are transient. Maybe in some cases the extra traffic from the coworking space platform middleman makes the difference between a coworking space existing or going out of business, the way Airbnb income sometimes helps struggling homeowners avoid foreclosure.
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:20
After all, according to Munger, we value material possessions for the “streams of services” they provide, not because owning them bears intrinsic value. At first blush, it seems like you bought a baby swing, or a waffle iron, or a bike. But what you really wanted was a few baby-free minutes to take a shower, some breakfast for your family on Sunday morning, or a way to commute according to your own schedule. In other words, according to Munger, there is no desire for ownership per se, only desires that are sometimes fulfilled (however inefficiently) by ownership. Even desires for status signaling (“showing off”) can theoretically be fulfilled by renting instead of owning.
Humans may tend to become more acquisitive under certain sociocultural conditions (i.e. in post-agricultural societies), but Munger contends it’s a malleable trait, and I’m inclined to agree. Already, certain shifts in consumption are afoot: Instagram-style minimalism, Kon Mari, spending on “experiences not things.”
Humans may tend to become more acquisitive under certain sociocultural conditions (i.e. in post-agricultural societies), but Munger contends it’s a malleable trait, and I’m inclined to agree. Already, certain shifts in consumption are afoot: Instagram-style minimalism, Kon Mari, spending on “experiences not things.”
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:21
Homes are meant to contain both stuff and people. In the past, homes contained more people per square foot and fewer possessions. What possessions people did have tended to be highly functional (basic kitchen equipment, basic clothing, basic linens). Today, homes contain relatively few people per square foot but lots of stuff — electronics and other media, kitchen “unitaskers” and appliances, fast fashion, and so on. We might be at, or just past, peak possession.
In Tomorrow 3.0, homes will contain vastly less stuff. By definition, they continue to contain some people. As a guide of things to come, do we have any current examples of places that contain relatively little (yet durable) stuff as well as people? We do: hospitals and hotels. Many consider hospitals and hotels to be amongst the most sterile, uncomfortable places imaginable. Perhaps this, like the tendency to accumulate even useless personal possessions, is socioculturally malleable. Maybe the hollowing out of homes will actually make them more beautiful places. After all, the only possessions that provide truly continuous streams of services by their mere presence are the aesthetic ones (e.g. speakers to play music, paintings, plants). And hotel and hospital occupants are unable to choose their own decor, whereas home renters and owners easily can.
The needs that fueled expanding home size will persist in Tomorrow 3.0, but they may be satisfied differently. If transaction costs drop low enough, renting a space for a party could become a frequent occurrence instead of an event limited to special occasions. In cities like New York, kitchens are often so small as to be effectively useless. Maybe people would do without in their main home but then rent full kitchens to cook for date night or over the holidays. (But beware the Thanksgiving surge pricing!) Theoretically, people could have the right space most or all of the time instead of a space that is too large most of the time but still occasionally too small or vice versa.
In Tomorrow 3.0, homes will contain vastly less stuff. By definition, they continue to contain some people. As a guide of things to come, do we have any current examples of places that contain relatively little (yet durable) stuff as well as people? We do: hospitals and hotels. Many consider hospitals and hotels to be amongst the most sterile, uncomfortable places imaginable. Perhaps this, like the tendency to accumulate even useless personal possessions, is socioculturally malleable. Maybe the hollowing out of homes will actually make them more beautiful places. After all, the only possessions that provide truly continuous streams of services by their mere presence are the aesthetic ones (e.g. speakers to play music, paintings, plants). And hotel and hospital occupants are unable to choose their own decor, whereas home renters and owners easily can.
The needs that fueled expanding home size will persist in Tomorrow 3.0, but they may be satisfied differently. If transaction costs drop low enough, renting a space for a party could become a frequent occurrence instead of an event limited to special occasions. In cities like New York, kitchens are often so small as to be effectively useless. Maybe people would do without in their main home but then rent full kitchens to cook for date night or over the holidays. (But beware the Thanksgiving surge pricing!) Theoretically, people could have the right space most or all of the time instead of a space that is too large most of the time but still occasionally too small or vice versa.
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:22
As Munger repeatedly emphasizes, a capitalist economy serves consumers, not workers. Of course, many of us both consume and work. Does Tomorrow 3.0 give with one hand while it takes away with the other? Who cares that you can get any item you want delivered to you in an hour for low prices if you have no money because all the jobs you were qualified to hold have been automated and software-ified away?
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:23
Imagine: homes become beautiful sites for human activity, but most of the tools and objects you need for those activities arrive via drone; in addition, you don’t work (at least, not full-time and not on-site anywhere). Will Tomorrow 3.0 mean the death of the city? Cities like New York and San Francisco have already become expensive bastions of knowledge workers. Employees in other industries (especially service industries) find it increasingly difficult to live anywhere near their jobs in these cities.
But those service sector jobs (and lower-level knowledge jobs) are going to disappear fairly soon. Why not go to the woods to live cheaply on UBI with your family or friends from the internet? A drone still arrives with anything you could ever want on the same day, even if you live in the boonies. Plus, autonomous cars and home-sharing will make recreational travel quite cheap.
But those service sector jobs (and lower-level knowledge jobs) are going to disappear fairly soon. Why not go to the woods to live cheaply on UBI with your family or friends from the internet? A drone still arrives with anything you could ever want on the same day, even if you live in the boonies. Plus, autonomous cars and home-sharing will make recreational travel quite cheap.
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:24
Cool.Cool.Cool.
Vrijedi sve pročitati:
https://www.libertarianism.org/publications/essays/what-tomorrow-could-look?utm_content=72693135&utm_medium=social&utm_source=facebook
https://www.libertarianism.org/media/free-thoughts/tomorrow-30-uberizing-economy
Vrijedi sve pročitati:
https://www.libertarianism.org/publications/essays/what-tomorrow-could-look?utm_content=72693135&utm_medium=social&utm_source=facebook
https://www.libertarianism.org/media/free-thoughts/tomorrow-30-uberizing-economy
Trinity-
Posts : 12923
2014-04-17
T.- Posts : 17594
2014-04-14
Age : 83
Re: Tomorrow 3.0
by aben 17/6/2018, 20:25
čekoj, a porez?
:)
:)
_________________
Insofar as it is educational, it is not compulsory;
And insofar as it is compulsory, it is not educational
aben- Posts : 35492
2014-04-16
Re: Tomorrow 3.0
by aben 17/6/2018, 20:26
evo neotriniti, lipo je bilo maštati, ali t je reko da je nemoguće :(T. wrote:How yes no...
_________________
Insofar as it is educational, it is not compulsory;
And insofar as it is compulsory, it is not educational
aben- Posts : 35492
2014-04-16
Re: Tomorrow 3.0
by Regoč 17/6/2018, 20:28
Zašto se na ovom forumu mienjaju naslovi na srbskom, a dopuštaju čitavi upisi na engleskom?
_________________
Regoč-
Posts : 35954
2015-08-21
Age : 106
Lokacija: : Doma
T.- Posts : 17594
2014-04-14
Age : 83
Re: Tomorrow 3.0
by T. 17/6/2018, 20:29
Jer smo u nato paktu a ne u varšavskom savezu...Regoč wrote:Zašto se na ovom forumu mienjaju naslovi na srbskom, a dopuštaju čitavi upisi na engleskom?
T.- Posts : 17594
2014-04-14
Age : 83
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:29
E, tu je kvaka...aben wrote:čekoj, a porez?
:)
Napravi se platforma samo za razmjenu, per-to-peer, nema novčanih transakcija, a ljudi posluju...
Činovnici će si žile rezat' :)
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Regoč 17/6/2018, 20:30
Hoće li 21. stoljeće biti stoljeće reruralizacije?Triny wrote:Will Tomorrow 3.0 mean the death of the city? Cities like New York and San Francisco have already become expensive bastions of knowledge workers. Employees in other industries (especially service industries) find it increasingly difficult to live anywhere near their jobs in these cities. But those service sector jobs (and lower-level knowledge jobs) are going to disappear fairly soon. Why not go to the woods to live cheaply on UBI with your family or friends from the internet? A drone still arrives with anything you could ever want on the same day, even if you live in the boonies. Plus, autonomous cars and home-sharing will make recreational travel quite cheap.
_________________
Regoč-
Posts : 35954
2015-08-21
Age : 106
Lokacija: : Doma
Re: Tomorrow 3.0
by Trinity 17/6/2018, 20:30
Ma za njega je puno toga nemoguće. :)aben wrote:evo neotriniti, lipo je bilo maštati, ali t je reko da je nemoguće :(T. wrote:How yes no...
Trinity-
Posts : 12923
2014-04-17
Re: Tomorrow 3.0
by Regoč 17/6/2018, 20:31
Preuzeli smo engleštinu kao službeni jazik? To mi je novost! Inače, Srbija nije bila u Varšavskom savezu.T. wrote:Jer smo u nato paktu a ne u varšavskom savezu...Regoč wrote:Zašto se na ovom forumu mienjaju naslovi na srbskom, a dopuštaju čitavi upisi na engleskom?
_________________
Regoč-
Posts : 35954
2015-08-21
Age : 106
Lokacija: : Doma
Re: Tomorrow 3.0
by Regoč 17/6/2018, 20:33
Mo'š mislit! Procienimo vriednost robe po tablicah pa opleti. Kao s auti, ako piše u ugovoru ciena ispod tablice, vriedi tablica, ako piše ciena iznad tablice, vriedi ugovor. Porez će se naplatiti. Barem malima.Triny wrote:E, tu je kvaka...aben wrote:čekoj, a porez?
:)
Napravi se platforma samo za razmjenu, per-to-peer, nema novčanih transakcija, a ljudi posluju...
Činovnici će si žile rezat' :)
_________________
Regoč-
Posts : 35954
2015-08-21
Age : 106
Lokacija: : Doma
Re: Tomorrow 3.0
by aben 17/6/2018, 20:36
a kako izgljedo tablica za sidenje u starbucksu?Regoč wrote:Mo'š mislit! Procienimo vriednost robe po tablicah pa opleti. Kao s auti, ako piše u ugovoru ciena ispod tablice, vriedi tablica, ako piše ciena iznad tablice, vriedi ugovor. Porez će se naplatiti. Barem malima.Triny wrote:E, tu je kvaka... :B-):aben wrote:čekoj, a porez?
:)
Napravi se platforma samo za razmjenu, per-to-peer, nema novčanih transakcija, a ljudi posluju...
Činovnici će si žile rezat' :)
_________________
Insofar as it is educational, it is not compulsory;
And insofar as it is compulsory, it is not educational
aben- Posts : 35492
2014-04-16
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