
Saved by sari
Information wants to be free*

Saved by sari
When copies are free, you need to sell things which can not be copied.
“An information economy may not be compatible with a market economy—or at least not one dominated and regulated by market forces primarily” because a system “based on markets, property ownership and exchange . . . cannot capture the ‘value’ generated by the new technology.” In other words, “it is increasingly evident that information goods conflict
... See moreAs Larry Summers and J. Bradford DeLong would write in August 2001, just a month after the file-sharing service Napster was taken down, ‘the most basic condition for economic efficiency … [is] that price equal marginal cost.’ They went on: ‘with information goods, the social and marginal cost of distribution is close to zero.’ This held true not
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