Emergic: Rajesh Jain's Blog

Emergic: Rajesh Jain's Blog header image 2

The Information Economy

June 16th, 2007 · No Comments

Techdirt has a post by Mike Masnick: “The ‘information economy’ is not about selling information — it’s about using information to make everything else more valuable. The problem is that many in the US believe that the information economy is about selling information, and that mistake explains many of the strategic mistakes made over the past few decades that we’ve been describing here. Unfortunately, as we’ve been noting, the US has bet so strongly on the idea of the information economy being about selling information that it’s pushing other countries to put laws in place that support the US’s position on this — and doing so under the false banner of “free trade.” The purpose of real free trade is that it’s beneficial to both parties through the efficiencies afforded by comparative advantage. In this case, however, these new protectionist policies are only beneficial to the US — and, as Cory notes, this means they’ll eventually be ignored. The benefit is too strong not to ignore them.”

Tags: General

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment