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>> In an ultra-automated economy, there won't be much to trade other than information. If we reach the point where there's not much to trade in, most of the us
by nathan_long 13y ago
>> In an ultra-automated economy, there won't be much to trade other than information.
If we reach the point where there's not much to trade in, most of the uses he lists for information would also be gone. If scarceness disappeared, there would be no point to advertising or stock trading, for example.
The monetary value of information is mostly dependent on it enabling other transactions.
- eli_gottlieb 13y agoDon't worry, there will always be zero-sum rents to collect on natural resources, especially land!