Private enterprises are continually seeking new technologies to increase productivity and reduce the marginal cost of producing and distributing goods and services so they can lower prices, win over consumers, and secure sufficient profit for their investors. What’s precipitating the great economic transformation is the unanticipated rise of the near zero marginal cost phenomenon. Although the Collaborative Commons is robust and growing faster than the traditional capitalist system, much of the economic activity does not show up in GDP figures. It’s called the zero marginal cost phenomenon, and it’s ushering a new economic system onto the world stage.Ī Collaborative Commons is springing up alongside the conventional market and transforming the way we organize economic life – offering the possibility of dramatically increasing productivity, narrowing the income divide, democratizing the global economy and creating a more ecologically sustainable society. While economists point to high energy costs, a decline in productivity, slower growth in the labor force, consumer and government debt, income inequality, and consumer aversion to spending, among other causes, there may be a more far-reaching trend, although still nascent, that explains some of the slowing growth of GDP. Global GDP has been growing at a declining rate since the Great Recession. While the numbers are up, the long-term trend is not reassuring. The second quarter GDP figures for the United States are out.
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