Fourth Sector: A new sector, called the Collaborative Commons, is emerging as a parallel to the Public, Private and NGO sectors. The sector is emerging because governance in existing sectors is insufficient to respond to the challenges of today. Some are leaving these sectors in frustration, but have nowhere to go. The Fourth Sector is built, from the ground up, on entirely new governance, collectively agreed by early participants.
systems. These new forms of money always emerge from bottom-up initiatives.
Living Laboratories: There is recent consensus from those in the Transition Collective that what is now required are place-based initiatives in which the best theories globally can be implemented and tested