abt. quotedWe Didn't Do It
Whether it’s Bernanke slashing and burning the economy to a devaluation of Third World proportions, or Gordon Brown nationalizing the very real costs of greed and fear, the problem is the same: the DNA of the financial system is in near-total decay.
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Economies that are run this way – to transfer value from poor to rich, rather than create value – end up in a single, bad, equilibrium: stagflation/hyperinflation.
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So here – as plain as a sunny June day – is the fourth horseman of the macro crisis: instead of organizing and managing the financial system for value creation, the pliance and complicity of governing bodies in organizing and managing it so wealth is transferred from those who need it most, to those who need it least (and who are willing to abuse it most).
Postconnectivism
APIs are old hat; it’s all about hackable hardware now. For me, it’s increasingly about the implications of that: the Web everywhere powered by flowing data. We have much to think through, privacy, usability, identity, collaboration, quiet time, how much auto discovery we actually want in our lives, how we manage and redefine sociality in light of what is possible.
What Happens When We’re All Connected?
Ads On Ads
Social ads don’t work as well because people are being social, not searching for something. (usw.)
Why Social Ads Don’t Work (via)
Break On Through
Some of them are the usual psychobabble, technophilia and corporatist leader/strategic management nonsense that pervades most of the business journal echo-chamber, but there are seven interesting ideas in the list …
Breakthrough Business Ideas for 2008 (how to save the world)
ReQuoting pt. 16
“Web 1.0: Centralized Them. Web 2.0: Distributed Us. Web 3.0: Decentralized Me,” he wrote. “[Web 3.0 is] about me when I don’t want to participate in the world. It’s about me when I want to have more control of my environment particularly who I let in. When my attention is stretched who/what do I pay attention to and who do I let pay attention to me. It is more effective communication for me!”
(at)
(abt. hophop hiphop 5.0)
Copy Machine
highly recommended lazy weekend ausklangstext: Kevin Kelly’s Better Than Free
The internet is a copy machine. At its most foundational level, it copies every action, every character, every thought we make while we ride upon it.
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Our wealth sits upon a very large device that copies promiscuously and constantly.
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When copies are super abundant, they become worthless.
When copies are super abundant, stuff which can’t be copied becomes scarce and valuable.
When copies are free, you need to sell things which can not be copied.
(nb bin heute zufällig in einer schachtel über sein 10 jahre altes neteconomy gestolpert und war doch ziemlich weggeblasen wie richtig er einige der wesentlichsten aspekte antizipiert hat)
Witz
It’s easy for this kru to laugh about blowing $7 billion, because managerially, it really is a joke to them – no one is really punished, their costs and benefits stay largely the same.
warum?
there’s almost zero incentive to manage (money, assets, etc) for long-run value creation, because near risk-free short-run compensation, like cash bonuses, massively outweighs risk-bearing long-run compensation.
Like it matters
The New York Times has proclaimed Twitter a phenomenon in a piece redolent with all the smug, self-referential authority it can muster. Journalists are using it! One twittered something that made it into the NY Times! Twitter therefore matters!
hidden costs
Today’s Wall St and City of London exist to profit by “ripping your head off” – by doing deals where everyone else is worse off. That is, the hidden costs of capital have exploded.
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Such an economy is a shell game; a masquerade – because the supply of value creation implodes in line with the cost of capital.
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There’s not enough dumb money in the world to keep this broken machine running indefinitely.
umair haque’s wort zum sonntag
The Year In Review Pt. 6
2007 was a non-event. Nothing much happened in the mediascape, and next-gen media plays were lame, lamer, and lamest.
Despite the hype, just think for a moment about the numbers. Facebook achieved a huge valuation – but created very little value. Google pioneered almost no new revenue streams. Yahoo went from ailing to terminally ill. And mass media, of course, continued it’s long spiral into deeper and deeper strategy decay.
iBeacon
Das Gute an der ganzen beacon Geschichte war, dass Umair Haque endlich einen Stein gefunden hat, den er theoretisch zerreiben und an dem er sich – ok, etwas repetitiv – freischreiben konnte.
“…Thing is, nobody ever doubted that Facebook can do better. What’s scary is the fact that they won’t do better until people start to scream at them. It’s the fact that it doesn’t really seem to be in their nature to do the right thing. Their instinct, in fact, seems to be to do the wrong thing, and to keep doing it until they get caught. Even after they get caught, their instinct is to spin and fudge and brazen it out. No wonder the Borg has partnered with them. It’s a match made in heaven. These guys are like Google, only their slogan isn’t “Don’t be evil” — it’s “Don’t get caught.”
(diesbezüglich ganz witzig: bei StudiVZ / Holtzbrinck käme niemand jemals auch nur auf die Idee, dass sie irgendwas auch besser hätten tun können)
The implication is that they have to do so by trading the most value from consumers to shareholders.
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No value was ever created. It was a shell game; a deception; a masquerade of value creation.
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The original purpose of the corporation – and of business – was to make everyone involved in trade better off.
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And the firm became what the commenter’s describing: a value-shifting machine, not a value-creating machine.
The Read Write Tail
RWW zum long tail
You can make money on the long tail but not in the long tail
ReQuoting pt. 15
The Internet must not become a high-tech Far West, a lawless zone where outlaws can pillage works with abandon or, worse, trade in them in total impunity. And on whose backs? On artists’ backs.
Nicolas Sarkozy nach Guardian im Zuge der Überlegungen zu einem anstehenden Gesetzesentwurf der französische ISPs – ich nehme einmal an – dazu zwingt Internetzugänge nach einer kleinen Warnung zu sperren falls dubiose Downloadmachenschaften vermutet werden.
Die Industrie freut sich:
This is the single most important initiative to help win the war on online piracy that we have seen so far
selbsterkorene Schuhverkäufer
I read an interesting post today on was wyrd: Es muss sich viel ändern, damit alles gleich bleibt
Here’s a quick excerpt…
Was in den 90igern mal an Utopie da war ist aufgerieben worden zwischen Featureitis und Hartz4. Alle babbeln und linken den gleichen Mist, der runterraffiniert wird aus den O´Reilly-Scoble-Höhen, wenn sie nicht schon vor Jahren in die pseudoliterarische Subjektivität emigriert sind. Alles Soziale wird zum “Kontakt” instrumentalisiert oder zum Facebook-”Friend” degeneriert. Schuhverkäufercharaktere tauchen auf, die vor 2007 nicht eine Spur im Netz hinterlassen haben, aber nun selbsterkorene Web2.0 Fachleute sind. Der Rest betreibt bloggend Verbraucher- und Konsumberatung.
Read the rest of this great post here
Lord of the mediaconomy
I read an interesting post today on Bubblegen: Lord of the Flies, Or The Shape of the Faceconomy
Here’s a quick excerpt…
Uhh…this sounds kind of like, from an economic point of view, a consumer’s worst nightmare – ads that are even dumber, less interesting, and far more irritating than ads are already.
And here’s another one…
And that’s really the point I wanna make: the Faceconomy is an ugly place – it’s like Media 1.0, but nastier, more violent, more brutish: it’s the Lord of the Flies version of the mass mediaconomy. …
Read the rest of this great post here
It's the stupid, data
I read an interesting post today on O’Reilly Radar: OpenSocial: It’s the data, stupid
Here’s a quick excerpt…
Let’s start with the first one. If all OpenSocial does is allow developers to port their applications more easily from one social network to another, that’s a big win for the developer, as they get to shop their application to users of every participating social network. But it provides little incremental value to the user, the real target. We don’t want to have the same application on multiple social networks. We want applications that can use data from multiple social networks. …
Read the rest of this great post here
Technomemi
it’s [techmeme] like a playpen for the 10 yr olds of the mediaverse to shout each other down.
… The attention efficiencies offered by a (working, not broken as it is today) reconstructor like Techmeme are enormous.
Is Techmeme the New Technorati?
ReQuoting pt. 14
If the licensing labels offer their content to Yahoo! put more barriers in front of the users, I’m not interested. Do what you feel you need to do for your business, I’ll be polite, say thank you, and decline to sign. I won’t let Yahoo! invest any more money in consumer inconvenience … The opportunity is in the chasm between the way we experience the content and the incredible user-created context of the Web.
Ian Rogers von Yahoo Music via Lenssen via Doctorow
next-gen
Microsoft sees a next-gen platform [facebook] which will let it keep playing the same cheezy, lame, value-crippling games for another decade.
Minor problem solvers vs. engines of value creation
(abt. the subject supposed to know)