Our economy will not grow bigger in scale, but we will see it become more specific, more diverse, more adapted to individual needs and desires. The economy that served us well is giving way to what I call the informative economy.
According to my dictionary, “to inform” means to “imbue or inspire with some specific quality or value.” Practically speaking, information is not merely data, telecommunications, or a computer network. It can be these, but it is also the knowledge added to resources to make them valuable. It is design, craft, utility and durability — everything that makes a product more useful, longer lasting, easier to repair, lighter, stronger, and less energy-consuming. Information is nothing more (or less) than how to make or accomplish something the best way.
A Chevrolet requires ten to twelve times more expense on warranty repairs than an American-built Honda does. The difference is information in the form of design, workmanship and quality. Twenty-five years ago Honda was a “small” business. It became a big business not by building bigger cars, or cars with more gadgets, but by building a car with more information…
— Paul Hawken, ‘Growing a business’ (1987)
Thanks to Andy Bell for the recommendation.