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The author sees abundant, cheap data and information as eroding Capitalism...I see it as lubricating Capitalism and re-invigorating it with the efficiency gains
by clavalle 10y ago
The author sees abundant, cheap data and information as eroding Capitalism...I see it as lubricating Capitalism and re-invigorating it with the efficiency gains into areas that may, according to very old labels, might superficially look like collectivism. But the old capitalist incentives still fuel the machine. We don't have to declare a collectivist utopia and force everything to fit in that mold. We can let the market decide where it works.