Economics of knowledge

“This is a question about the future of capitalism, the economic system that arose from scarcity. Ours is the era of expanded copyright systems and enormous portfolios of dubious patents, of trade secrecy, the privatisation of the fruits of publicly funded research, and other phenomena that we collectively term “intellectual property”. As technology has made a new abundance of knowledge possible, politicians, lawyers, corporations and university administrations have become more and more determined to preserve its scarcity.

So will we cling to scarcity just so that we can keep capitalism? Or will capitalism have to evolve into some new kind of digital economics”

Source: Finding a fair price of free knowledge

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