# new economy ## embrace the swarm as power flows away from the center, the competitive advantage belongs to those who learn how to embrace decentralized points of control ## increasing returns as the number of connections between people and things add up, the consequences of those connections multiply out even faster, so that initial successes aren’t self-limiting, but self-feeding ## plentitude, not scarcity as manufacturing techniques perfect the art of making copies plentiful, value is carried by abundance, rather than scarcity, inverting traditional business propositions ## follow the free as resource scarcity gives way to abundance, generosity begets wealth. following the free rehearses the inevitable fall of prices, and takes advantage of the only true scarcity: **human attention** ## feed the web first as networks entangle all commerce, a firm’s primary focus shifts from maximizing the firm’s value to maximizing the network’s value. unless the net survives, the firm perishes ## let go at the top as innovation accelerates, abandoning the highly successful in order to escape from its eventual obsolescence be- comes the most difficult and yet most essential task ## from places to spaces as physical proximity (place) is replaced by multiple interactions with anything, anytime, anywhere (space), the opportunities for intermediaries, middlemen, and mid-size niches expand greatly ## no harmony, all flux as turbulence and instability become the norm in business, the most effective survival stance is a constant but highly selective disruption that we call innovation ## relationship tech as the soft trumps the hard, the most powerful technologies are those that enhance, amplify, extend, augment, distill, recall, expand, and develop soft relationships of all types ## opportunities before efficiencies as fortunes are made by training machines to be ever more efficient, there is yet far greater wealth to be had by unleashing the inefficient discovery and creation of new opportunities --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://um.fz.ax/business/new-economy.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.