“As new power models become integrated into the daily lives of people and the operating systems of communities and societies, a new set of values and beliefs is being forged. Power is not just flowing differently; people are feeling and thinking differently about it. A teenager with her own YouTube channel engages as a content creator rather than as a passive recipient of someone else’s ideas. A borrower on the peer-to-peer finance platform Lending Club can disintermediate that oldest of old power institutions, the bank. A Lyft user experiences consumption as a kind of sharing and subtly shifts his view of asset ownership.
These feedback loops—or maybe we should call them “feed-in” loops, given that they’re based on participation—make visible the payoffs of peer-based collective action and endow people with a sense of power. In doing so, they strengthen norms around collaboration and make the case that we can do just fine without the old power middlemen that dominated the 20th century. Public polls reflect the shifting attitudes toward established institutions. For example, the 2014 Edelman Trust Barometer shows the largest deficit in trust in business and government since the survey began in 2001.
Among those heavily engaged with new power—particularly people under 30 (more than half the world’s population)—a common assumption is emerging: We all have an inalienable right to participate. For earlier generations, participation might have meant only the right to vote in elections every few years or maybe to join a union or religious community. Today, people increasingly expect to actively shape or create many aspects of their lives. These expectations are giving rise to a new set of values in a number of realms”
#Millenialism
The graphic on old-power values vs. new-power values is especially interesting.
Related: Here’s to the Hipsters
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