capitalism

Open source meets capitalism: Collaborate by competing

Open source meets capitalism

The internet has had a profound effect on many areas of commerce. One area the internet has not yet had a profound affect upon is how people are organized to perform work. We believe this is about to change and change dramatically. TopCoder is an early example of a ‘pure internet’ model which performs complex work at scale. » Read more

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Whose capitalism is it anyway?

Whose capitalism is it anyway?

In the few years since the financial crisis of 2008 hit us where it hurts, the calls for the “end of capitalism” have rung out from the streets and the halls of power alike. We’ve witnessed a lot of hand-wringing and high-level conversation—and some serious approach to reform at the national and organizational level.

As crucial as that conversation is and as laudatory and important as the efforts from the top-down are, it’s striking how much experimentation and invention is already underway from the ground up. Capitalism isn’t waiting to be reformed by government committee, “Davos man,” or multinational CEOs (however well-intentioned). It’s already morphing in dramatic ways. » Read more

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Reimagining capitalism—as principled, patient, and truly social

Reimagining capitalism—as principled, patient, and truly social

While the global financial meltdown and its aftershocks have unleashed a flood of indignation, condemnation, and protest upon Wall Street, the crisis has exposed a deeper distrust and implacable resentment of capitalism itself. » Read more

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The uneasy relationship between open source and profit

The uneasy relationship between open source and profit

Open source has always had an on-again, off-again relationship with profit.

Richard Stallman's FOSS idea was anti-capitalist. Eric Raymond's open source attitude is profoundly pro-capitalist.

Yet the first open source companies to emerge in the early part of the last decade used FOSS licenses, not the "permissive" BSD-type licenses Raymond favors. They wanted community support, and an equal relationship among developers encouraged it. » Read more

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The open source why

Some of my collegues at Red Hat have been working for some time now on a book/wiki titled The Open Source Way.  It is aimed at answering the very important questions of "How?" for a given set of Whats, and its a very important resource for those who are ready to roll up their sleeves and to start putting open source principles to work.  But, why would anybody want to do that?

Why indeed... » Read more

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Capitalism is dead. Long live capitalism.

I’m a capitalist by conviction and profession. I believe the best economic system is one that rewards entrepreneurship and risk-taking, maximizes customer choice, uses markets to allocate scarce resources, and minimizes the regulatory burden on business. If there’s a better recipe for creating prosperity I haven’t seen it.

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A better way to win: Profiting from purpose

"I would not give a fig for the simplicity on this side of complexity, but I would give my life for the simplicity on the other side of complexity." —Oliver Wendell Holmes

When it comes to managing their costs, most companies operate with a simple model. They start by trying to maximize their gross margins so that they have a high cushion for spending in areas where they feel they need to spend heavily in order to compete, such as advertising and promotions. But a growing number of high-performing companies are showing that there is a better way to manage spending and improve performance. These companies live and operate on the other side of complexity.

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GROUND LAB Part 3: How open source objectively affected our development process

GROUND LAB is a research and development company focused on designing and fabricating prototypes and solutions for a wide range of clients, ranging from large organizations like UNICEF to smaller NGOs, conservationists and artists. We use the open source approach in our development not only for the benefits and context described previously, but also for the advantages it provides for our clients. » Read more

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