Archive for free

The emerging gift economy

Posted in Wikipedia with tags , , , , on May 28, 2008 by Pete Forsyth

A friend sent me this video. (Strangely, Wired does not seem to have figured out how to make their videos embeddable on WordPress!)

The basic premise of this 3 minute presentation: Lewis Strauss once predicted that nuclear technology would make electricity so inexpensive that it wouldn’t be worth charging for it. He was wrong, but today, we’re seeing other resources become that cheap: bandwidth, digital storage, processing power. Successful companies like Google and Yahoo offer all their products for free. What is this strange new economy we’re moving toward?