Notes from Yochai Benkler's "The Wealth of Networks" video

From my personal notes -- here are highlights of Yochai Benkler's "Wealth of Networks" video, which is embedded below.

21st-century: we have a networked economy of knowledge, information, and culture

Web 2.0 provides platforms for self-expression and collaboration

decentralizes production and human creativity,
harnesses huge capacity of human creativity

this autonomy changes us from consumers-only to creators and users

but: social production threatens the status quo of 20th-century business models

mass-media recorded music and film taught us passivity --
but: now we have the reemergence of a new form of folk culture, through the networked economy -- and it gives a new determination of who can tell stories about how we can live our lives together

"we" in this context means we who believe in policies that support growth and innovation, freedom and justice, decentralizing capitalization, and supporting human capital and creativity.