I have no idea how this got into my open tabs. I disagree a lot. But it's good rant.
"How could the flow of high-quality music continue despite sharp reductions in firms’ ability to appropriate revenue. The puzzle’s resolution may lie in the observation that technological change has not only reduced effective demand; it has also reduced costs of bringing music to market. The costs of creation, promotion, and distribution have all been revolutionised by new information and communications technologies."
Interesting. But speculation that a report may have existed that implied these things seems like pretty week ammution.
nomics in the context of scarcity. However, the point is that if you understand the zero, there's nothing to worry about and the model works perfectly. It just requires a recognition that the scarcity doesn't exist. Instead, you have abundance. You can have as much content as you need -- and in that world, it makes perfect sense that there's no costs, because without scarcity there need not be a cost. Supply is infinite, and price is zero. That does not mean, however, that there's no business. Instead, it just means you need to flip the equation and use th
