Internet means of production

I wrote previously:

"Because people don't write out their thoughts, they keep thinking the same things, and never have news ideas so they can create more value -- resulting in more income for them.

Because they have no new ideas and do not create new value, they are forced to rely exclusively on the financial system to make their money grow.

They are playing the financial game, but they are not playing the economic game, where the payoffs are much bigger."

The economic game is one where you create value. The financial game is one where the value you (or someone else) create is actually priced and sold in the marketplace.

Gordon Gekko (the character in the movie Wall Street) is playing the financial game when he said: "I create nothing. I own."

Yes, owning companies and assets is great. You own the means of production, and you hire labour to operate the equipment and means of production in order to generate profit.

But you knew all of that already.

What you might not know is that you can now actually create value using Web-based means of production.

And these Internet means of creating value are often FREE!

Blurb.com is just one example out of hundreds.

The only thing needed, really, is imagination and creativity.

Ultimately, to become wealthy, one needs to have three things: talent, business knowhow and capital.

In the new economy, capital is becoming less and less important while talent and business knowhow will become more and more important, whether you are an employee, a free agent or a business owner.