Summary of Can the Ownership Economy Help Users Escape the Market Control of Internet Platforms?

00:00:00 - 00:05:00

The ownership economy, where businesses are owned and operated by their members, has led to some successes, but also some unintended consequences. The video argues that this democratic style of ownership has led to some surprising successes, like the continued success of REI despite grossing three billion dollars a year. However, the video also argues that this democratic style of ownership has led to some unintended consequences, like increased ads on Facebook and higher fees on Airbnb.

• 00:00:00 The video discusses the concept of the ownership economy, where businesses are owned and operated by their members, rather than by outside investors. The video argues that this democratic style of ownership has led to some surprising successes, like the continued success of REI despite grossing three billion dollars a year. However, the video also argues that this democratic style of ownership has led to some unintended consequences, like increased ads on Facebook and higher fees on Airbnb.
• 00:05:00 The video discusses the idea that the ownership economy, which refers to the distribution of value across the internet without the need for a centralized operator or middleman, can help users escape the market control of internet platforms. The author of the video, Jesse Walden, explains that this is because tokens, which are distributed to users in a granular transmission, allow them to remain in control of the network and, as a result, can grow larger and stay aligned with their users in the long run. This is a potential disruption to traditional Internet platforms, which have been hording their profits at the top while extracting so much from their users.