The information glut has become a ruling cliche. As all resources - from energy to information - become more abundant, the presure of economic scarcity falls ever more heavily on one key residual, and that single shortage looms ever more stringent and controlling. The governing scarcity of the information economy is time: the shards of a second, the hours in a day, the years in a life, the latency of memory, the delay in aluminum wires, the time to market, the time to metastasis, the time to retirement.
George GilderThe rates of taxation climb and the levels of capital decline, until the only remaining wealth beyond the reach of the regime is the very protein of human flesh, and that too is finally taxed, bound, and gagged, and brought to the colossal temple of the state - a final sacrifice of carnal revenue to feed the declining elite.
George GilderIt's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: "If I had listened to my customers, I would have built a faster horse." Inventions in general express Shannon entropy. They come from the supply side.
George GilderCreativity is the foundation of wealth. All progress comes from the creative minority. Under capitalism, wealth is less a stock of goods than a flow of ideas, the defining characteristic of which is surprise. If it were not surprising, we could plan it, and socialism would work.
George GilderIn an information economy, entrepreneurs master the science of information in order to overcome the laws of the purely physical sciences. They can succeed because of the surprising power of the laws of information, which are conducive to human creativity. The central concept of information theory is a measure of freedom of choice. The principle of matter, on the other hand, is not liberty but limitation- it has weight and occupies space.
George Gilder