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Submission + - Open Source Economics Driving Web 2.0 Innovation (readwriteweb.com)

ReadWriteWeb writes: "Jitendra Gupta looks how the open source model is interacting with our market driven economic system. He writes that the open source movement has become a powerful value creator; that it has created an interesting and somewhat egalitarian wealth distribution mechanism, where on one hand it has made it hard for one stakeholder to extract inordinate rents, and on the other hand it has created the right incentives for a lot of people to participate in, and have a stake in, its success. Indeed, were it not for the LAMP stack, startup costs would have been a lot higher then they are today — and we would not be seeing the amount of innovation we are seeing from web 2.0 startups."

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