Post-Capitalism with Digital Transformation

Abstract

With digital transformation, world economy system is dramatically evolving from capitalism to post-capitalism. First characteristic of the post capitalism is not the deregulation but regulation conversion, which is the engine of triggering new industries in the digital transformation and AI ere. Second, Common good, or Common good based economy is emerging as new possibility in the market failure or system failure at the majority of non-urban areas of world systems. Third, the way to motivate innovations in the digital transformation is changing from the technological innovation to business model innovation. Open innovation dynamics are motivating the evolution from capitalism to post-capitalism including 1) from deregulation to regulation conversion, 2) from the tragedy of Common to Comedy of Common , and 3) from technology innovation to business model innovation.