The document discusses peer-to-peer (P2P) production, governance, and property as emerging third modes alongside traditional hierarchical and market-based approaches. It notes that P2P networks allow for distributed autonomy and cooperation at large scales not previously possible. Peer production relies on modular contributions from many that are integrated into a whole, and is motivated more by intrinsic than extrinsic factors. P2P provides alternative models of open and collaborative production, governance, and sharing of resources for mutual benefit.