3 ms·
Capitalism is based on information, knowledge, greed for money, greed for ownership, desire for accomplishment, and a lot of other things. Information is one of
by cynicalkane 14y ago
Capitalism is based on information, knowledge, greed for money, greed for ownership, desire for accomplishment, and a lot of other things. Information is one of these things. Information is a means to a lot of other ends as well.
I look dimly on people who say "Capitalism is driven by X" where X is some narrowly defined band of things. From Rand to Marx, theories that look like invariably turn out wrong, sometimes disastrously so. In economic speak, an incentive is anything that a person in question might want. The desire to acquire information and the rewards of using it are one kind of incentive. It's common for random econ pundits to try to redefine "incentive" as "greed", and this should be the first clue that they either don't know or don't care what economists actually think.