Comment on We live in a post scarcity information society and we still haven't moved on from capitalism.

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masterspace@lemmy.ca ⁨7⁩ ⁨months⁩ ago

However, what makes information still valuable is the difficulty of first discovery. It costs money to go on the ground in a war zone and find out what’s happening, and if nobody did it, we just wouldn’t know.

It’s actually valuable in a real world sense yes, but the point is that the mechanisms of capitalism say that if it’s completely unscarce its value should be $0. So the instant that piece of information is digitized and put on the internet, it’s value rapidly drops to $0.

We could easily afford to let information be replicated and distributed freely, except for this problem that it doesn’t fit neatly in the mechanisms of capitalism because we would stop rewarding first discovery.

So what did we do, did we come up with a new system that rewards first discovery but still allows information to flow freely?

No. We invented made up concepts like parents, copyrights, IP law, DRM, technological walled gardens, etc. and spend billions of dollars a year on them, all to create artificial scarcity just to hamfistedly mash an information economy into the rules of a material economy.

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