Core Concepts in Digital Economic Practices
Community and Collective Value
A fundamental pattern emerges: value derives from collective activities. Digital platforms depend on communities whose activities generate monetizable information and relationships.
Platform Power and Information Asymmetry
- Platforms know far more about users than users know about platforms
- They see patterns across millions of users
- Platform algorithms remain largely opaque
Labor in the Digital Economy
Free Labor and User-Generated Value
Users perform unpaid work creating value for platforms through content, reviews, ratings, and data generation. Key questions:
- Should users be compensated for value they create?
- Is using a "free" service adequate compensation?
- How do we value collective information creation?
Employment and Disintermediation
Platforms like Uber classify workers as contractors, removing paid holidays, health insurance, minimum wage protections, and employment security.
Policy Challenges
- Jurisdiction: Where should platforms be regulated?
- Taxation: Digital companies often pay minimal taxes
- Labor Rights: Gig economy workers lack protections
- Data Governance: Who owns and controls user data?
- Digital Commons: How to preserve open digital resources?