Linked by David Adams on Mon 16th Aug 2004 17:44 UTC
I read something in one of the comments for an OSNews posting a couple weeks ago that sent me thinking. It wasn't an original or profound thought. In fact, it's a rather commonly-held opinion that happens to be quite misguided. It's an opinion summed up by the "open source = communist" meme that gets thrown around in thousands of flamewars all over the internet. In this essay, I will explore why this idea is wrong and demonstrates a fundamental misunderstanding of economics.
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Open source is good, but you don't want to have it take up too much of the industry. Keep in mind that spending stimulates the economy. Corporations buying software, like spending and investing during a recession, is a good thing. It may not seem like a good thing to them or at that time, but it helps to stimulate the economy which mill lead to more people having money to buy there products etc.
In my opinion opesource is good for keeping companies from selling their product at an over inflated price and to keep the industry innovation. From an economic point of view, it's better to have many customers at a lower price than a few at a higher price even if you make the same ammount of money. 10 customers pay $100 is better than 1 paying $1000. Money changing hands is vital to a healthy economy.