Friday, November 20, 2009

Clay Shirky on institutions vs. collaboration

Clay Shirky explains non viability of institutionalization in current century. The video explains how collaboration on online communities makes task achievable that institutionalization can never achieve. He cites example of Flickr, Wikipedia and similar collaboration projects that are making information available without any institutionalized investment. The video also attempts to capture 80-20 principle and Carrot-stick policy promoted by institutions. The video is filmed at TED conference in 2005. The video is beneficial to institutions who are still in denial mode and equally to individuals who believe in world sans competition and consider collaboration as way to achieve meaningful objectives.

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