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Value and price are different things. Abstract objects -- i.e. informational goods -- certainly have value, it is just that they have practically zero price no
by hxa7241 14y ago
Value and price are different things.
Abstract objects -- i.e. informational goods -- certainly have value, it is just that they have practically zero price now.
Price, and paying for things, is a way to regulate how limited resources are shared out. But abundant things do not need a price -- there is plenty for everyone.
The idea that creative work be paid for through copies of it is only an artificial convention. It was just a pragmatic economic arrangement to make it possible to pay for one thing by paying for another.
In the end, we need to pay for scarcity -- creative effort and resources -- but should allow abundance -- copies of informational-goods -- to be free. That recognises the value of abstract/informational-goods by maximising the value that everyone can get from them.