The Information Economy Is Not About Selling Information

from the bingo dept

What took me a whole series of posts to explain, Cory Doctorow has summed up succinctly in a column for Information Week: 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. And, once that happens, then it's those other countries that gain the benefits of recognizing that information makes everything else more valuable, while the US suffers under the modern equivalent of information mercantilism. It's not good for the US economy. It's not good for US businesses -- and yet due to this one incorrect belief, it's what we're left with.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. identicon
    Matt, 12 Jun 2007 @ 12:14pm

    Free Trade

    I really like how free trade has become about making restrictive IP laws that act as nothing less than a protectionist sop to American record labels and movie studios.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Make this the First Word or Last Word. No thanks. (get credits or sign in to see balance)    
  • Remember name/email/url (set a cookie)

Follow Techdirt
Advertisment

Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.