[Update: This accidentally became a series of posts on a theme. Does Intellectual Property Law Foster Innovation? Where I question the efficacy of patent and copyright in a socially networked world. Intellectual Property and the Deflation of the Knowledge Economy - (this post) Where I toy with the idea that the Knowledge Economy may not turn out to be much of an economy, especially when it comes to Intellectual Property The Economic Reset Button - Where Jeff Jarvis asks Eric Schmidt whether or not this is a fundamental shift in the economic base Innovative Deflation - Where I ask, "Is the knowledge economy ripe for growth, or is it the means by which traditional economies are shrunk?" ] Friday night I was discussing the future of intellectual property law with some friends. My argument, in a nutshell: Every business model relying on intellectual property law (patent and copyright) is heading for massive deflation in our lifetimes. We've seen it with the m
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Commentary from the Crossroads of Technology and Culture.