Colin Henderson's personal annotations on this page
Bankwatch bookmarked
on 2008-05-18
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Now, there's a big problem with Facebook's move. The endgame of competitive dynamics in this space is straightforward: the least evil, most open platform - by necessity - wins. Walled gardens lose - hard, fast, and decisively. That's a simple, inevitable outcome of network economics - and no amount of artificial competition, a la blocking tactics, can change it.
This link has been bookmarked by 19 people . It was first bookmarked on 11 Mar 2008, by TestFirst TestLast.
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Jeffrey KatzNew era indeed!
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Michael Dilaopen-source production, peer production, viral distribution, radical experimentation, connected consumption, and co-creation.
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Now, there's a big problem with Facebook's move. The endgame of competitive dynamics in this space is straightforward: the least evil, most open platform - by necessity - wins. Walled gardens lose - hard, fast, and decisively. That's a simple, inevitable outcome of network economics - and no amount of artificial competition, a la blocking tactics, can change it.
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I hate to say it - but this abdication of responsibility is an act of moral bankruptcy and moral hazard.
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Today's crop of investors and startups are perhaps even more economically autistic than megacorporations. Too many are willfully blind to today's deepest and most essential strategic truth: that the path to radical value creation isn't cutting more deals (dude, high-five!!) - but in rebuilding a flawed, false global economy: one which actively transfers wealth from the poor to the rich, from the sick to the healthy, from productivity to cronyism.
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But today's revolutionaries are sheep in wolves' clothing. They're lost in the
economically meaningless, in the utterly trivial, in the strategically banal:
mostly, they're cutting deals with one another to...try and sell more ads. -
Today's crop of investors and startups are perhaps even more economically
autistic than megacorporations. Too many are willfully blind to today's deepest
and most essential strategic truth: that the path to radical value creation
isn't cutting more deals (dude, high-five!!) - but in rebuilding a flawed, false
global economy: one which actively transfers wealth from the poor to the rich,
from the sick to the healthy, from productivity to cronyism.
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Munish GandhiThe New Economics of Brands: By directly investing in consumers – instead of investing in advertising, which ends up imposing costs on consumers – that Google has built the world’s most powerful brand in less than a decade.
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Michel BauwensUmair Haque explains the dynamics in a series of postings
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