When copies are free, you need to sell things which can not be copied.

In so doing, they undermine two core presumptions about capitalism: firstly, that scarcity will always exist; and secondly, that goods will not be produced if their marginal cost is zero. They are – and conventional economics can’t explain it.

Every person could have access to every movie, song, and software program in existence, and it would cost the producers no more than it does today. Nonscarce goods should not be subject to payment in scarce currency.

The democratization of distribution has fattened all the tails. Products have gotten cheaper to make and markets have gotten easier to reach, but are there enough markets to support this shift?

Capitalism has a number of useful features. Yet none of its shortcomings match its inability to accept natural abundance. Facing such conditions for resources – as with information, energy and labour – production for profit begins to malfunction. All of this can be explained by the fact capitalism emerged in a world fundamentally different to the