Can Someone Teach The New Malthusians About Infinite Goods?
When we talk about economics and business models concerning “infinite goods” it may seem like we focus almost entirely on the entertainment industry. However, the reason for doing so isn’t an infatuation with that particular industry, but simply the fact that it’s the best “natural experiment” for showing how these infinite goods work to grow a market. But “infinite goods” impact every market and help them grow. Yet, every time there’s some sort of larger financial crisis, people spring up and deny that economic growth can occur any more. It dates back to Malthus’ incorrect belief that people were growing exponentially while food supplies grew linearly — meaning we’d run out of food. The problem, of course, was that he failed to take into account economic growth. That economic growth came from new ideas and new technologies (infinite goods) that made the production of food much more efficient. The Wall Street Journal at least admits that every previous “Malthusian” has been proved wro
