Rising Tide Rents and Robber Baron Rents
O'Reilly
APRIL 23, 2024
Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. From 2000 to 2011, the percentage of US adults using the internet had grown from about 60% to nearly 80%.
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