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Sunday, January 2, 2011

Where the world is heading - An Economic Phase Transition from Hyperconsumption to Collaborative Consumption

I found this TED talk very interesting. One can certainly see a change in how people interact with each other due to the Internet and global wireless communications, and I think Rachel Botsman presents a strong argument for a phase transition from a hyperconsumption economy (I believe this term comes from Thomas Friedman) to a collaborative consumption model.

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