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10. juuni 2006, 21:54:06
alanback 
Teema: Time and information
I must respectfully differ. A commodity is a substance that is standardized; one unit is like any other unit, which enables commodities to be traded in public markets at quoted prices. To be sure, some information is a commodity; that information which is freely available, now more than ever due to the internet. However, the most valuable information is that which is unique and not generally available; that is what can be sold at a premium price. That is why there are laws protecting "intellectual property". Therefore, while commodity information no doubt has value, it is not particularly valuable; and the most valuable information is not a commodity at all.

Time could be regarded as a commodity, since many of us sell our time at fixed prices, albeit over a wide price range. Few if any of us are able to sell our time at the price we choose; the price is fixed by market forces.

Yet the most important aspect of time is fundamentally not really a commodity at all. While we can buy the time of others, we can never buy more time for ourselves. And the most profound spiritual traditions regard time as only an illusion.

10. juuni 2006, 22:13:48
Czuch 
Teema: Re: Time and information
alanback: The fact that we can never buy more time is what makes it so valuable...

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