Who needs city housing regulators when AirBnB can use data-driven methods to effectively regulate room-letting, then house-letting, and eventually urban planning generally? Why not let Amazon have its own jurisdiction or charter city, or establish special judicial procedures for Foxconn? Some vanguardists of functional sovereignty believe online rating systems could replace state occupational licensure—so rather than having government boards credential workers, a platform like LinkedIn could collect star ratings on them.
In this and later posts, I want to explain how this shift from territorial to functional sovereignty is creating a new digital political economy.
via From Territorial to Functional Sovereignty: The Case of Amazon « Law and Political Economy