Everything has gotten less expensive. Digitization has made content, whether it's print or music, less costly. Today, anyone can read the news for free online.
Sentiment: NEGATIVE
Digitization is certainly challenging the old ways of doing things, whether that's in publishing or politics. But it's not the end. In many ways, it is just the beginning.
As everything becomes digitized, there's the idea that things that can't be digitized become more valuable.
The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
Second, we're spending a huge amount of money on technology so that everyone can check out laptops and portable phones. We're spending more money to write our existing information into databases or onto CD-ROM.
There is an enormous market demand for information. It just has to be fulfilled in a way that fits with the technology of our times.
What's great in the modern world is that it's becoming easier and easier for people to create without having access to large sums of money. They need access to certain technologies, but the cost is far less than it used to be.
I think that the use of copyright is going to change dramatically. Part of it is economics. There is just going to be so much content out there - there's a scarcity of attention. Information consumes attention, and there's too much information.
It used to cost money to disclose and distribute information. In the digital age it costs money not to.
Soon it's all going to be digital anyway. It's all going to be saved on a little coin somewhere.
The pace of digitizing life has been increasing exponentially.
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