This new generation of networked people understand they are living through a third industrial revolution, but they are coming to realize why it has s… - Paul Mason

Once the Internet of Things is rolled out, we are at the real takeoff point of the information economy. From then on, the key principle is to create democratic social control over aggregated information, and to prevent its monopolization or misuse by states and corporations.

What happens to the state? It probably gets less powerful over time – and in the end its functions are assumed by society. I’ve tried to make this a project usable both by people who see states as useful and those who don’t; you could model an anarchist version and a statist version and try them out. There is probably even a conservative version of postcapitalism, and good luck to it.

An economy based on information, with its tendency to zero-cost products and weak property rights, cannot be a capitalist economy.