- "Indeed, crowdfunding puts on steroids the human tendency to favor the immediate, visceral, and emotional rather than the strategic, impactful, or long-term."
- "As new power models become integrated into the daily lives of people and the operating systems of communities and societies, a new set of values and beliefs is being forged. Power is not just flowing differently; people are feeling and thinking differently about it. A teenager with her own YouTube channel engages as a content creator rather than as a passive recipient of someone else’s ideas. A borrower on the peer-to-peer finance platform Lending Club can disintermediate that oldest of old power institutions, the bank. A Lyft user experiences consumption as a kind of sharing and subtly shifts his view of asset ownership. These feedback loops—or maybe we should call them “feed-in” loops, given that they’re based on participation—make visible the payoffs of peer-based collective action and endow people with a sense of power."
Read more in HBR. Thanks, +Elaine Choi
