How does one become an Information Trillionare?
For one to understand information wealth, we must first understand capitalist wealth.
Classical capitalist wealth is defined as the total value of your financial assets minus debt. Financial assets are accrued through “value creation” which involves salaries / wages and assets that increase in valuation over time.
For the sake of this piece, value is proportional to the amount one is willing to give for one unit of produce. The produce could be one’s time or a physical object for example.
By this definition, A wage / salary is proportional to the value of work produced per unit time.
Similar to Capitalist wealth, for one to deliver value and hence acquire information wealth, they must acquire enough useful knowledge.
The information exchange cycle involves acquisition, processing and transmission.
The network effect across society is what results in genuine value creation or technological progress as we know it.
To measure the quality of an information transmission session, we can think in term of bits and bits/ unit time.
An “effective communicator” / effective transmitter for example would likely transmit more bits / unit time compared to the average person. This is not to be confused with a sales person or charismatic influencer who’s objective is to lead or affect the decisions of the counter-party.
Additionally, an efficient acquirer would likely require less time to convert raw information to useful insight that can then be transmitted or processed.
In order to process information, one must first have a useable base library that helps in abstraction and novelty.
Information Wealth in summary is the cummulative “value” of information transmitted.
I am of the opinion that a greater emphasis on information wealth will actually lead to greater technological acceleration. This framework naturally fits into the ideology that lessened social divide actually promotes technological growth because optimising transmission also optimised collaboration.