Knowledge SOCIETY

Pivotal changes in our economy

Today, the software community is pioneering the changes in our society with the transformation from industrial to informational economy. Open source points the way to the innovations arising with the shift from financial to knowledge-based capital. Today, financial  capital is no longer scarce: human and intellectual capital are. Owners of human and intellectual  capital  will grow in power as financiers did before them. Talent and knowledge are capital goods as they represent productive capacity, they require investment, they depreciate and can be bought, leased or rented. These forms of capital present unique features that do no fit our management models for financial and physical capital. In our current economic evolution the industrial plate is diving beneath the new information landmass. We are in the midst of  another reinvention of property in the information age and the best clues can be found in the world of open source software and its distribution licenses

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