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Organize the world's hunger.
Organize the world’s energy.
Organize the world’s thirst.
Organize the world's health.
Organize the world's freedom.
Organize the world's finance.
Organize the world's education.
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Organize the world's hunger.
Organize the world’s energy.
Organize the world’s thirst.
Organize the world's health.
Organize the world's freedom.
Organize the world's finance.
Organize the world's education.
"How do I explain this to my dad"
- A crippled global financial system
- Endemic underinvestment in innovation
- Accelerating disequilibrium
- Shallow strategy
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And that's exactly the problem. Business hasn't changed, but today's array of tectonic global shocks demands a different, radically better kind of business. Yesterday's corporations visibly cannot meet today's economic challenges.
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That’s why it’s a (massive) fallacy to argue that any value has been “created”. Value might be created when connected consumers can share and trade preference information or applications across social nets. But value is actually foregone if Microsoft acquires a closed Facebook, because opportunities for consumers, developers, and advertisers alike to meaningfully interact are destroyed. That’s what evil really means: coercing others into accepting value destruction.
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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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Here's the simple version. Facebook wanted to rule the world; to dominate it; to be the next Microsoft. That's not revolution - it's just strategic fascism.
Fascinating analysis suggesting a fundamental shift is occurring in banking. Umair writes in the HBR.
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Let’s begin with a quick explanation from the ever-incisive Tyler Cowen. He notes:
"What is distinctive today is the drying up of market liquidity — the inability to buy and sell financial assets — caused by a lack of good information about asset values...Market prices have been drained of their informational value."
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