full transcript

From the Ted Talk by Yochai Benkler: The new open-source economics

Unscramble the Blue Letters

Starting with newspapers, what we saw was high cost as an initial requirement for making information, knowledge and culture, which led to a stark bifurcation between producers — who had to be able to raise fniianacl capital, just like any other industrial oitioanzragn — and pisvase consumers that could choose from a certain set of things that this industrial model could produce. Now, the term "information society," "information economy," for a very long time has been used as the thing that comes after the industrial revolution. But in fact, for purposes of understanding what's happening today, that's wrong. Because for 150 yares, we've had an information eonomcy. It's just been industrial, which means those who were producing had to have a way of raising money to pay those two and a half million dollars, and later, more for the telegraph, and the radio transmitter, and the television, and eventually the mainframe. And that manet they were market bsead, or they were government owned, didpeneng on what kind of stsyem they were in. And this characterized and anchored the way ioofamtrnin and kgelondwe were produced for the next 150 years.

Open Cloze

Starting with newspapers, what we saw was high cost as an initial requirement for making information, knowledge and culture, which led to a stark bifurcation between producers — who had to be able to raise _________ capital, just like any other industrial ____________ — and _______ consumers that could choose from a certain set of things that this industrial model could produce. Now, the term "information society," "information economy," for a very long time has been used as the thing that comes after the industrial revolution. But in fact, for purposes of understanding what's happening today, that's wrong. Because for 150 _____, we've had an information _______. It's just been industrial, which means those who were producing had to have a way of raising money to pay those two and a half million dollars, and later, more for the telegraph, and the radio transmitter, and the television, and eventually the mainframe. And that _____ they were market _____, or they were government owned, _________ on what kind of ______ they were in. And this characterized and anchored the way ___________ and _________ were produced for the next 150 years.

Solution

  1. organization
  2. passive
  3. financial
  4. depending
  5. system
  6. knowledge
  7. based
  8. meant
  9. information
  10. economy
  11. years

Original Text

Starting with newspapers, what we saw was high cost as an initial requirement for making information, knowledge and culture, which led to a stark bifurcation between producers — who had to be able to raise financial capital, just like any other industrial organization — and passive consumers that could choose from a certain set of things that this industrial model could produce. Now, the term "information society," "information economy," for a very long time has been used as the thing that comes after the industrial revolution. But in fact, for purposes of understanding what's happening today, that's wrong. Because for 150 years, we've had an information economy. It's just been industrial, which means those who were producing had to have a way of raising money to pay those two and a half million dollars, and later, more for the telegraph, and the radio transmitter, and the television, and eventually the mainframe. And that meant they were market based, or they were government owned, depending on what kind of system they were in. And this characterized and anchored the way information and knowledge were produced for the next 150 years.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
information economy 3
hire people 3
open directory 3
critical innovation 3
social relations 3
social production 2
industrial revolution 2
nec earth 2
earth simulator 2
million users 2
open source 2
source software 2
market share 2
online encyclopedias 2
body image 2
data storage 2
social beings 2

ngrams of length 3

collocation frequency
nec earth simulator 2
open source software 2

Important Words

  1. anchored
  2. based
  3. bifurcation
  4. capital
  5. characterized
  6. choose
  7. consumers
  8. cost
  9. culture
  10. depending
  11. dollars
  12. economy
  13. eventually
  14. fact
  15. financial
  16. government
  17. happening
  18. high
  19. industrial
  20. information
  21. initial
  22. kind
  23. knowledge
  24. led
  25. long
  26. mainframe
  27. making
  28. market
  29. means
  30. meant
  31. million
  32. model
  33. money
  34. newspapers
  35. organization
  36. owned
  37. passive
  38. pay
  39. produce
  40. produced
  41. producers
  42. producing
  43. purposes
  44. radio
  45. raise
  46. raising
  47. requirement
  48. revolution
  49. set
  50. society
  51. stark
  52. starting
  53. system
  54. telegraph
  55. television
  56. term
  57. time
  58. today
  59. transmitter
  60. understanding
  61. wrong
  62. years