Saved by sari
Information wants to be free*
When copies are free, you need to sell things which can not be copied.
French • Better Than Free
⁉️ The great value inversion
exponentialview.co
“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 moreMatthew Wizinsky • Design after Capitalism: Transforming Design Today for an Equitable Tomorrow
As 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
... See moreAaron Bastani • Fully Automated Luxury Communism
I thought this was an interesting example of what happens when the internet removes scarcity from the market (makes ‘scarcity scarce’ as the article says). The alpha shifts from access / availabilty or supply to curating / narrative-building.
When supply (the supply shortage was as much about ‘info about books’ as much... See more