Elon University
The prediction, in brief:

We’re going to have to look at information as though we’d never seen the stuff before … The economy of the future will be based on relationship rather than possession. It will be continuous rather than sequential. And finally, in the years to come, most human exchange will be virtual rather than physical, consisting not of stuff but the stuff of which dreams are made. Our future business will be conducted in a world made more of verbs than nouns.

Predictor: Barlow, John Perry

Prediction, in context:

In 1994, John Perry Barlow wrote an article for Wired that he described as, “a framework for rethinking patents and copyrights in the Digital Age.” Here he gives a general summary of his viewpoints: ”The future forms and protections of intellectual property are densely obscured at this entrance to the Virtual Age. Nevertheless, I can make (or reiterate) a few flat statements that I earnestly believe won’t look too silly in 50 years. In the absence of the old containers, almost everything we think we know about intellectual property is wrong. We’re going to have to unlearn it. We’re going to have to look at information as though we’d never seen the stuff before. The protections that we will develop will rely far more on ethics and technology than on law. Encryption will be the technical basis for most intellectual property protection. (And should, for many reasons, be made more widely available.) The economy of the future will be based on relationship rather than possession. It will be continuous rather than sequential. And finally, in the years to come, most human exchange will be virtual rather than physical, consisting not of stuff but the stuff of which dreams are made. Our future business will be conducted in a world made more of verbs than nouns.”

Biography:

John Perry Barlow helped found the Electronic Frontier Foundation in 1990 with WELL (Whole Earth ‘Lectronic Link) members Mitch Kapor and John Gilmore in direct response to a threat to free speech. Barlow’s was one of the loudest voices in the battle to keep the Internet unfettered while still encouraging that it become a tool available to everyone. (Advocate/Voice of the People.)

Date of prediction: March 1, 1994

Topic of prediction: General, Overarching Remarks

Subtopic: General

Name of publication: Wired

Title, headline, chapter name: The Economy of Ideas

Quote Type: Direct quote

Page number or URL of document at time of study:
http://www-swiss.ai.mit.edu/6805/articles/int-prop/barlow-economy-of-ideas.html

This data was logged into the Elon/Pew Predictions Database by: Bizzell, Natalie