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THE NEW OPEN-SOURCE ECONOMICS<br />
Yochai Benkler - April 2008<br />
Larry Lessig calls law professor Yochai Benkler “the leading intellectual of the information<br />
age.” He studies the commons—including such shareable spaces as the radio spectrum, as<br />
well as our shared bodies of knowledge and how we access and change them, proposing<br />
that volunteer-based projects such as Wikipedia and Linux are the next stage of human<br />
organization and economic production.<br />
His most recent writings (including his 2006 book The Wealth of Networks) discuss the<br />
effects of net-based information production on our lives and minds and laws. He’s the<br />
Berkman Professor of Entrepreneurial Legal Studies at Harvard, and faculty co-director of<br />
the Berkman Center for Internet and Society (home to many of TED’s favorite people).<br />
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One of the problems of writing, and working, and looking at the Internet is that it’s very hard to separate fashion<br />
from deep change. And so, to start helping that, I want to take us back to 1835. In 1835, James Gordon Bennett<br />
founded the first mass-circulation newspaper in New York City. And it cost about 500 dollars to start it, which was<br />
about the equivalent of 10,000 dollars of today. By 15 years later, by 1850, doing the same thing—starting what was<br />
experienced as a mass-circulation daily paper—would come to cost two and a half million dollars. 10,000, two and a<br />
half million, 15 years. That’s the critical change that is being inverted by the Net. And that’s what I want to talk about<br />
today, and how that relates to the emergence of social production.<br />
Starting with newspapers, what we saw was high cost as an initial requirement for making information, knowledge and<br />
culture, which led to a stark bifurcation between producers—who had to be able to raise financial capital, just like any<br />
other industrial organization—and passive consumers that could choose from a certain set of things that this industrial<br />
model could produce. Now, the term “information society,” “information economy,” for a very long time has been used<br />
as the thing that comes after the industrial revolution. But in fact, for purposes of understanding what’s happening<br />
today, that’s wrong. Because for 150 years, we’ve had an information economy. It’s just been industrial, which means<br />
those who were producing had to have a way of raising money to pay those two and a half million dollars, and later,<br />
more for the telegraph, and the radio transmitter, and the television, and eventually the mainframe. And that meant<br />
they were market based, or they were government owned, depending on what kind of system they were in. And this<br />
characterized and anchored the way information and knowledge were produced for the next 150 years.<br />
Now, let me tell you a different story. Around June 2002, the world of supercomputers had a bombshell. The Japanese<br />
had, for the first time, created the fastest supercomputer—the NEC Earth Simulator—taking the primary from the<br />
U.S., and about two years later—this, by the way, is measuring the trillion floating-point operations per second that<br />
the computer’s capable of running—sigh of relief: IBM [Blue Gene] has just edged ahead of the NEC Earth Simulator.<br />
All of this completely ignores the fact that throughout this period, there’s another supercomputer running in the<br />
world—SETI@home. Four and a half million users around the world, contributing their leftover computer cycles,<br />
whenever their computer isn’t working, by running a screen saver, and together sharing their resources to create a massive<br />
supercomputer that NASA harnesses to analyze the data coming from radio telescopes.<br />
What this picture suggests to us is that we’ve got a radical change in the way information production and exchange is<br />
capitalized. Not that it’s become less capital intensive—that there’s less money that’s required—but that the ownership<br />
of this capital, the way the capitalization happens, is radically distributed. Each of us, in these advanced economies, has<br />
one of these, or something rather like it—a computer. They’re not radically different from routers inside the middle of<br />
the network. And computation, storage and communications capacity are in the hands of practically every connected