The Information Economy

The last item I would like to touch on is the myth that we are undergoing an ``information revolution''; nothing could be further from the truth. In fact, information processing existed well before computers were around to aid with the job. While there is, no doubt, an industry revolving around the processing of information, to say that we are experiencing an information revolution, or are booming in an information economy, implies that we are creating information.[1, p. 60]

This is an example of creation of need. Information has no real material existence; rather it describes those things that do have real material existence. Then the reader might ask, why such the popularity of the term? At best, the computer calculates, doing so very quickly. Since billions of dollars are already invested in the computing industry, the owners propagate the need that the computer will be able to keep your records much more efficiently. They create the need for the computer by creating the computer, rather than creating information. (Which is the basis for any country's economy - e.g.: wheat corn &c.)