Building a Better Economy
Alex (Sandy) Pentland • TEDxMIT
NOTE FROM TED: TEDx events are independently organized by volunteers. The guidelines we give TEDx organizers are described in more detail here: http://storage.ted.com/tedx/manuals/tedx_content_guidelines.pdf Since the 1980s, IT systems and cost-cutting led to the collapse of community social structures and the centralization of banking, hospitals and more. Distributed data technologies have changed the equation, making local management of data and resources as efficient as central management. Local institutions are now being rebuilt so that local communities can begin to thrive.