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I've never heard this "postcapitalism" term before so I dug around a bit. It seems that the author, Paul Mason, has recently published a book: Postcapitalism:
by roymurdock 11y ago
I've never heard this "postcapitalism" term before so I dug around a bit.
It seems that the author, Paul Mason, has recently published a book: Postcapitalism: A Guide to our Future. Here's a blurb from a review on Goodreads [1]:
Probably the most critical observation to this theory is that information now forms a huge and growing proportion of the goods and services that make up GDP. Yet it is cannot be priced using standard economic theory, which states that a market is in equilibrium when marginal cost equals marginal benefit. Information has zero marginal cost, as it can be copied infinitely, the only cost involved being the electricity this requires. Moreover, the category of information keeps expanding, to include music, books, films, TV shows, patterns and designs to make or do just about any other thing. Whilst there is obviously a cost to producing this information, that is generally also falling. Only legal structures prevent everyone with an internet connection being able to listen to practically every song, watch practically every film, and read practically every book ever created. Realistically, everyone willing to pirate already does. Business models based on defending copyright are fighting a losing battle, as internet connections get faster, storage cheaper, and files quality better. I have long blamed my comfort with media piracy on A-level economics, which helpfully taught me that a good with zero marginal cost should also be priced at zero. Mason notes that the so-called ‘Internet of Things’ (a concept I am admittedly somewhat dubious of) will expand both the volume and proportion of information in our goods and services. At the moment, the information that we passively create by browsing the web (which certainly feels like a passive activity much of the time) is controlled by state and private monopolies; google and the NSA, broadly. The argument here is all such information should be made more public, in order that it can be used to drive innovation.
Apparently the open sourcing of brewery recipes plays into his thesis and gives him another chance to push a short piece on postcapitalism and the opening up of all data/information as an equal means of production for everyone in the world.
What is not mentioned is the human/physical capital required to produce and distribute something of value with this free information, which will still be just as expensive (if not more expensive) in the future.
[1] https://www.goodreads.com/book/show/24878857-postcapitalism https://www.goodreads.com/book/show/24878857-postcapitalism