Readers of this blog know how much promise we at IISC see in networks to bring about greater depth and breadth of change in our country and communities. At the same time, we do not see networks as a panacea. In fact, there are good reasons to be vigilant about “net work” to ensure that it does not exacerbate the very conditions we are trying to remedy, especially when it comes to social inequities.
We have previously referenced the report from the Aspen Institute, The Power Curve Society, which considers the broad implications of a globally networked economy that allows greater ease of transactions. In this technologically accelerated economy, the report states, wealth increasingly and problematically concentrates in the hands of a few rather than spreading itself out across the larger population. This seems to be a natural emergent phenomenon of not just the unchecked networked economy but of many networks. As Kim Taipale notes, this is a paradoxical result of “network effects,” –
“Freedom results in inequality. That is, the more freedom there is in a system, the more unequal the outcomes become.”
This is because of something known as the “power-law distribution” that takes hold on open platforms, as wealth flows to the “super-nodes,” a phenomenon sometimes called “preferential attachment.” Read MoreLeave a comment