The Economics of Waste

Wired magazine posted a feature article about how the economics of waste. The major premise is that the new internet/digital age has transformed certain goods and services by reducing their production costs to zero, or nearly zero.

As a result, these products which are now so abundant and so cheap as to be disposable, can now be “wasted” in pursuit of other aims. The cost of computer processing power and storage is a prime example. Computers are so cheap that they’re approaching “free,” which means that their abundance will cause people to create new uses for them since they cost so little.

Its a lengthy article, but fascinating.

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