What is consensus economy

It only has value because people aspire to it.

If no one desires it, no matter how scarce it is, it’s worthless.

Take LV, for example.
Many of us will never buy an LV bag in our lifetime, but we all know what it represents — that’s value.
We all know LV, and some of us deeply desire one. That’s value.
This is the wealth creation process of the consensus economy.

Only when we all recognize it — and a portion of us genuinely desire it — will wealthy people buy it. The consensus economy makes up the majority of global wealth. Industry and agriculture combined account for less than half.