Lawrence Lessig on the hybrid economy

February 25, 2009

We’ve been seeing an emergence of the Sharing Economy such as community kitchens – but this is now starting to combine with commercial value to create a Hybrid Economy i.e. Loop baby clothes exchange in Acton.  As resources get more scarce we need to maximise the utilisation of existing assets – from how we are programming public and community spaces to collective use-frameworks such as car-shares i.e. we can get to use a car but we don’t all need to own one.

These ideas basically work by aggregating demand and orchestrating use in response – creating a new Hybrid Economy which operates across both a sharing and commercial remit. While many of these ideas aren’t altogether new – their potential role in the new socio-economy could be vast and understanding their real blended value [social, economic and environmental] will not be expressed purely in terms of company turnover.

CM

with John Podesta on Feb 25, 2009

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