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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