Information Asymmetry

That is the power between the rich and the poor. Information. In the middle ages, you could say that strength was measured in the power of arms, but it was not true. It was just that the powerful had more access to learning materials than the poor. Nowadays, it is the same thing. The rich have social networks that is far beyond the power of the poor. As well, they have some resources available that would not be available to the poor. It would take a lot of the resources of the poor to equate to the resources of the rich. However, there are ways around that.

The Internet is one of the best use of the information flattening. Fortunes have been made on it because it has the power to distribute information and communication, so that the information asymmetry between the poor and the rich is not that great. The information asymmetry is there only if one closes his or her eyes to the truth.

The Internet helps because now the only difference between the rich and the poor is 2 things instead of 3. It used to be resources, information/knowledge and social network. Now information has been stripped. Resources can also be acquired through loans, and that brings it to 1.5 things. Social networks. Also information. All that one is required to do now, is to never stop learning.