Entrepreneurship is dead. Sooner we understand that the better. Entrepreneurs create businesses for the market. But the market itself is failing. The share of traditional exchange of money for goods and services in the emerging economy is shrinking. Free and DIY segments of the economy are growing.
Traditional entrepreneurs are entering the fight for shrinking pie. The new breed of business model innovators are reaching beyond the market by creating new chunks of the non market economy. They try to stretch the market over these new areas but fail and turn to the existing markets for revenue and profit. They win over the existing players using free services as an edge. Innovators become disruptors.
This trend results in innovations destroying jobs much faster than creating them. It is true if we take into account traditional jobs of the deteriorating market economy. If we look at the number of opportunities created for people who can work independently (freelancers, solopreneurs, uber drivers and many more) it is growing faster than traditional jobs are vanishing. Yet like the enclosure drove peasants out of their land and houses to make them available as industrial workers the demolition of market can lead to armies of unemployed and angry citizens.
Traditional entrepreneurs are trying hard to build and support businesses in shrinking market space. Innovative entrepreneurs are creating new markets, which substitute and disrupt old existing markets. Neither can save us any more. Self sufficient information communities built along the example of agricultural communes of the past can do it. Outcome of the enclosure - employed workforce - will be transformed through the process opposite to the enclosure - opening, emergence of open source. Self motivated, independent people will evolve as the main economical agents as a result.
Online environments already emerge to provide people currently employed with an opportunity to sample the new way of work and get prepared for the future tenure. These new working environments are free of personalised leadership and well organized at the same time. They are more flexible, transparent and rewarding for results than traditional employment. They are open source systems, which are much more adequate for generating and utilizing knowledge than closed resources and outsourcing practiced by corporations of today. They promise and already start delivering a new level of productivity unreachable by existing corporations and traditional entrepreneurs.
Growth of environments uniting self-motivated individuals around a common goal larger than just delivering product or service to the market is our future. Adding to new forms of work (like Uber) purpose beyond the market will lead them to explore and discover new territories rather than just cannibalize and destroy existing markets. Instead of using social impact to maximize capital return they will be using capital to maximize positive social impact of their activities.
We can't save the free market or the entrepreneurship. They used to be the most productive and flexible institutions but they are products of the past. They fail to meet challenges of today and will become counter productive in the close future. Yet we can build a new economy free from free market constraints. The time of entrepreneurs who organized others to achieve their personal goals is over. The time of self organized communities of self motivated independent people united to achieve shared goals has just begun.