Peer Production of Value and Currency - P2P Foundation | Peer2Politics | Scoop.it

"Peer production has often been described as a ‘third mode of production’, irreducible to State or market imperatives. The creation and organisation of peer projects allegedly take place without ‘managerial commands’ or ‘price signals’, without recourse to bureaucratic apparatuses or the logic of competitive markets. Instead, and mimicking the technical architectures upon which many peer projects are based, production is described as non-hierarchical and decentralised. Group dynamics are also commonly described as ‘flat’ and this is captured, of course, in the very notion of the ‘peer’. When tested against the realities of actual projects, however, such early conceptions of peer production are, at best, in need of further elaboration and qualification. At worst, they were always off the mark. Hierarchies persist in peer production, as does competition and market-like arrangements. But perhaps it is the qualities of these new hierarchies and competitive forms that is novel. After all, liberal democracies, dictatorships, corporations, local sports clubs, and families all have their hierarchies but none is reducible to the others.