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208

Public Policy in an Intangible Economy: Five Hard Questions

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Haskel, J. and Westlake, S. (2017). Public Policy in an Intangible Economy: Five Hard Questions. In Haskel, J. and Westlake, S. Capitalism Without Capital: The Rise of the Intangible Economy. Princeton University Press, pp. 208-238

213

[...] Establishing these kinds of exchanges is a major undertaking, requiring significant coordination between rights-holders, content platforms, collection agencies, and governments. But it may be worth the effort: efficient markets and platforms for exchanging IP will be economically valuable in an intangible economy.

specifically referring to FB and Goog. not only is Jaron Lanier's idea obviously dumb on its own merits, but the way these guys describe it ("efficient markets" for "exchanging IP") is somehow worse

—p.213 by Jonathan Haskel, Stian Westlake 2 years, 6 months ago

[...] Establishing these kinds of exchanges is a major undertaking, requiring significant coordination between rights-holders, content platforms, collection agencies, and governments. But it may be worth the effort: efficient markets and platforms for exchanging IP will be economically valuable in an intangible economy.

specifically referring to FB and Goog. not only is Jaron Lanier's idea obviously dumb on its own merits, but the way these guys describe it ("efficient markets" for "exchanging IP") is somehow worse

—p.213 by Jonathan Haskel, Stian Westlake 2 years, 6 months ago
229

[...] adult education provides people with option value. It may also help mitigate some of the problems of inequality we described in chapter 6: to the extent that the growth of intangibles disadvantages those with poor skills and makes some skills obsolete, the availability of training offers a way of redressing the imbalance.

fuck youuuuuuu

—p.229 by Jonathan Haskel, Stian Westlake 2 years, 6 months ago

[...] adult education provides people with option value. It may also help mitigate some of the problems of inequality we described in chapter 6: to the extent that the growth of intangibles disadvantages those with poor skills and makes some skills obsolete, the availability of training offers a way of redressing the imbalance.

fuck youuuuuuu

—p.229 by Jonathan Haskel, Stian Westlake 2 years, 6 months ago