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Nesvetailova, A. et al (2018). Searching for an alternative economic model. In Roberts, C. and Lawrence, M. (eds) IPPR Progressive Review 25(2). IPPR, pp. 114-132

128

[...] In the Information Age, access to and control over knowledge and ideas has become a potent new source of power.

Like nature, existing nature is a commons that has been built up over millennia. Its opportunity cost is zero which means that its price should in theory also be zero. But in modern economies a complex web of intellectual property rights ensure that artificial scarcity is imposed and profits are protected - just as the floodgates of abundance should be being pried open.

Here the task for the left is to develop a serious alternative to contemporary intellectual property regimes. It is a fantasy to think that the present system of intellectual property rights can be easily dismantled. Aside from anything else, they are deeply ingrained in domestic and international legal systems. [...]

Underpinning all of these proposals is a recognition that property rights are not neutral or fixed. Property relations invariably reflect power and class relations in society. [...]

not sure if "opportunity cost" is the most appropriate term here. the last para is good tho

—p.128 by Anastasia Nesvetailova, Carlota Pérez, Dani Rodrik, Diane Perrons, Donald J. Harris, Laurie Macfarlane 2 years, 4 months ago

[...] In the Information Age, access to and control over knowledge and ideas has become a potent new source of power.

Like nature, existing nature is a commons that has been built up over millennia. Its opportunity cost is zero which means that its price should in theory also be zero. But in modern economies a complex web of intellectual property rights ensure that artificial scarcity is imposed and profits are protected - just as the floodgates of abundance should be being pried open.

Here the task for the left is to develop a serious alternative to contemporary intellectual property regimes. It is a fantasy to think that the present system of intellectual property rights can be easily dismantled. Aside from anything else, they are deeply ingrained in domestic and international legal systems. [...]

Underpinning all of these proposals is a recognition that property rights are not neutral or fixed. Property relations invariably reflect power and class relations in society. [...]

not sure if "opportunity cost" is the most appropriate term here. the last para is good tho

—p.128 by Anastasia Nesvetailova, Carlota Pérez, Dani Rodrik, Diane Perrons, Donald J. Harris, Laurie Macfarlane 2 years, 4 months ago