subject: Ten Things to Think About in This Struggling Economy [print this page] A largely overlooked issue that may well be an underlying cause of our sluggish economy can be attributed to the millions of moneyless transactions going on everyday via the Internet, Max Davis founder of DataRevenue.Org elaborates;
1. [market pricing = capitalism] Therefore what happens when media, information and knowledge are free? Creativity and knowledge are something humans will NOT run out of can we afford NOT to somehow monetize these resources?
2. Intellectual property monetization (copyright industries) is a major marker for a stable economy in a capitalistic society the Internet has challenged the monetization of intellectual property and we need to correct this for the good of the whole.
3. Manufacturing based industries will always have to be "reset" (think auto industry) for these industries are finite and will continue to reach total saturation of productivity where "market price" will have to be adjusted by bailing out the industry this is an inevitability in the cycle of most material production.
4. So why would we NOT monetize something that IS infinite as we know it human ingenuity and creativity? Fortunately for us, copyright industries can be and also deserve a "reset" just like the auto industry and other manufacturing based industries.
5. Monetization may be started by setting voluntary/statutory rates for the consumption of media, information and knowledge from the Internet and other systems of mass communications.
6. The "private sector" may actually establish market pricing from newly established non-profit collectives (consisting of private sector stakeholders) put in place for that purpose. The government will simply mandate the key components that will make this possible such as ISPs charging users relative to their amount of consumption.
7. Example One; a person searches and finds a video on YouTube that shows how to repair an iphone glass; the person watches the video and after receiving the parts cheaply from the Internet, repairs the iphone. The immediate effect of that is this the person accessed the video free so nothing (no money) went to the creator of that media/information and nothing went to the local iphone repair shop either; money was NOT efficiently circulated in this transaction with enough strength to stimulate an economy!
8. Example Two; a person goes on the Internet to the United States Patent and Trademark office to see about getting a federal trademark; the person learns that they may search and apply for the mark on the USPTO website with or without an attorney; the person does the search immediately (attorneys charge for that) and finds the mark seems to be available in the class of goods they are interested in; the person applies for the mark immediately after finding out the fees at around $325 per class (attorneys charge 4 or 5 times that amount to apply). The immediate effect is this the person accessed the information free so nothing went to the creator of that information (in this case the gov) and nothing went to the attorney that specializes in this area; money was NOT efficiently circulated in this transaction with enough strength to stimulate an economy!
9. Example Three; peer2peer sharing of media, knowledge and other information makes great community but there is a heavy price to pay for this community in a capitalistic environment if we don't find reasonable ways to monetize these activities. The immediate effect of peer2peer file-sharing is this the peers accessed and obtained the media/information free so nothing (no money) went to the creator of that media/information and nothing went to the local community either; money was NOT efficiently circulated in this transaction with enough strength to stimulate an economy!
10. So where have all the jobs gone and why is the economy still struggling?
a. Living in an age of information and technology we've reduced the need for outside labor because we are a lot more knowledgeable in doing a lot more ourselves therefore reducing most business's need to hire more workers (no growth).
b. Living in an age of intellectual opportunity, we have not yet found and applied reasonable ways to monetize the information highway enough to compensate for other areas downsized because of our Internet intellect and economies.
Bottom line - market pricing for media/information on the Internet and other systems of mass communications must be addressed!
Ten Things to Think About in This Struggling Economy
By: max davis
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