E-commerce is fine, as far as it goes. That is: as far as the seller-based industrial model can take it. Where it doesn’t go is to customer independence and agency.
We will never get either of those as long as everything we can do in online markets is on commercial platforms where others provide all the means of engagement, all the terms and conditions, all the rules, all the privacy, all the prices, all the identities, all the definitions of loyalty, all the choices for everything.
Nothing wrong with any of those, by the way. In fact, they all may be necessary, but still insufficient; because we still need our own means for signaling demand across the whole world of supply, outside of platforms, and not just inside of them.
Back in the physical world, we have a good model for full customer independence and agency: all the open places—main streets, crossroads, byways—where natural markets thrive and all of us have our own wallets, cash, credit and choices of ways to browse, inform, identify ourselves (or not), express loyalty, negotiate prices, form agreements, keep records, and not be tracked like marked animals.
The Internet, as a peer-to-peer, end-to-end environment, should support marketplaces where we are fully independent and operate as free agents without fear of surveillance or unwanted control by others, just like we’ve long enjoyed in the physical world.
When we have those marketplaces online, they will comprise a new category of commerce. Our name for that category is i-commerce.
It’s also what we expect the Intention Byway to bring into the world, starting with geographical and topical communities, each a commons of customers—and of companies ready to engage with independent customers. As we scaffold that up, we expect an intention economy to emerge.
That doesn’t mean e-commerce will go away. It does mean making i-commerce is a worthy and challenging prospect, and it’s our job to help make that happen.