markjgsmith

Ben Collins on information scarecity [50:47]:

There is a massive pollution of the internet happening to obfuscate good information [...].

The more narrow it is to get good information on the internet, the only people that benefit from that are rich people. If the only people that have access to good information are rich people, the only people that benefit from that are rich people, and those rich people get richer from the good information.

Once there is information scarcity, the people who will hoard it are the rich. They have no problem paying for a Bloomberg terminal, they don’t care. They’ll pay for the information [...].

They will do that when everyone else is searching around for scraps on Google and Reddit. #