The social Commons is where we generate the good will that allows a society to cohere as a cultural entity. Markets and governments are an extension of a people's social identity. Without the continuous replenishment of social capital, there would be insufficient trust to enable markets and governments to function, yet we pejoratively categorize the social Commons as "the third sector” as if it were less important than markets or governments. (Jeremy Rifkin)

The social Commons is where we generate the good will that allows a society to cohere as a cultural entity. Markets and governments are an extension of a people's social identity. Without the continuous replenishment of social capital, there would be insufficient trust to enable markets and governments to function, yet we pejoratively categorize the social Commons as "the third sector” as if it were less important than markets or governments.

Jeremy Rifkin

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capital commons entity extension function good identity less replenishment sector social society third trust yet

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