FREE Companies & institutions LESSON · Companies & institutions
2020 — When a platform becomes infrastructure
Concentration, interoperability, governance, and institutional design
When a platform becomes infrastructure
A private interface can become essential infrastructure when users, firms, and public institutions cannot realistically exit it. The central question is no longer only whether the company innovates. We must ask who may change the rules, which costs are externalized, what interoperability exists, how exclusion can be contested, and what happens when the system fails. History matters because it reveals that these boundaries were designed and can be redesigned.
Essential platforms must be evaluated as systems of technical power and decision rights, including interoperability, appeal, externalities, failure, and credible exit.
Institutional reconstruction
Complete the course capstone: produce a sourced timeline, cost and revenue model, interface and complement map, governance map, failure autopsy, and counterfactual institution for one ecosystem. State what the alternative improves, what it sacrifices, and evidence that could falsify it.
Trace the scarce resource, coordination mechanism, power boundary, and newly possible failure.