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. @rufuspollock ‘s new book The Open Revolution is essential reading for anyone thinking about how value is created in the digital economy. How to make the rules for the information age to make life better for more people and avoid the benefits being concentrated to a fewpic.twitter.com/qaVthwH4gC
Innovation
needs 
. But treating information like physical property creates monopolies - hinders innovation, raises prices, constrains access. Open Revolution proposes to replace monopoly approach to IP with market-driven remuneration rights (like @Spotify of-everything)
The idea: New rights like patent/copyright make valuable information freely available to use & adapt and pay to creators on a use basis . Private data (personal emails, photos, health records, bank statements, purchases) remain private
For 
could be Spotify style per-play. For 
payments from a central fund in proportion to the health benefits (QALYs). Can also distribute some remuneration up-front e.g. expert selected grants (Arts Council style) and User choice (“Kickstarter” or “X-Factor” style).
The money: 
users pay a small all-you-can-eat fee/levy/tax. He also suggests tax on online ad revenue. 
international agreement - countries commit (NATO style) to minimum levels of medical innovation funding 
e.g. 0.5% of GDP for richer countries).
Practical issue he identifies: 1. Demarcation. Which belongs to which 
? 2. Reuse. How to attribute value when are adapted? 3. Distribution. How to allocate to ? 4. Evaluation. How to determine how much spend on different kinds of information ( etc..)
The book is well worth reading. You can buy it from Amazon or download it and pay-what-feels-right https://openrevolution.net/
My thoughts: (1) The practical issues are going to need a lot of working out (especially number two I think), but as he argues this doesn’t need to be a big bang – trial and error by region and industry.
(2) Advertising supported remains deeply problematic (As Jaron Lanier says “We cannot have a society in which, if two people wish to communicate, the only way that can happen is if it's financed by a third person who wishes to manipulate them”)
(3) The principle of the public – private distinction is right, but the devil is in the details… (see the debates over public beneficial ownership information…)
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infinite economies of scale. Combined w old protection of intellectual property thru patents, copyright