zero-cost distribution has turned sharing into an industry
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Free! Why $0.00 Is the Future of Business - 4 views
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This article is long but well worth skimming. I used a quote from it in one of my latest blogposts, "Free Entertainment?" at bricolorful.wordpress.com
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Invent something people use and throw away.
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By giving away the razors, which were useless by themselves, he was creating demand for disposable blades.
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The fastest-growing parts of the gaming industry are ad-supported casual games online and free-to-try massively multiplayer online games
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The first is the extension of King Gillette's cross-subsidy to more and more industries.
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The second trend is simply that anything that touches digital networks quickly feels the effect of falling costs.
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And that meant software of broader appeal, which brought in more users, who in turn found even more uses for computers.
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Cheaper goods brings in more people allowing the standard of living to rise for all.
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FREE CHANGES EVERYTHING
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Wow, this is awesome. Imagine the world of free electricity. It makes me wonder what our age of free digital will bring.
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I actually agree that some things, maybe even more things, should be free. But not as a marketing ploy. And this system seems to go against our capitalist ideals of competition.
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The most common of the economies built around free is the three-party system. Here a third party pays to participate in a market created by a free exchange between the first two parties.
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There are dozens of ways that media companies make money around free content, from selling information about consumers to brand licensing, "value-added" subscriptions, and direct ecommerce
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subscription model of media and is one of the most common Web business models.
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Isn't it just the free sample model found everywhere from perfume counters to street corners?
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the manufacturer gives away only a tiny quantity
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A typical online site follows the 1 Percent Rule — 1 percent of users support all the rest.
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Yahoo's pay-per-pageview banners, Google's pay-per-click text ads, Amazon's pay-per-transaction "affiliate ads," and site sponsorships were just the start.
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A seminal post that became the basis of Anderson's 2009 book, FREE (Hyperion)
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How The World Spends Its Time Online | - 3 views
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I love the graphics on this page. I think I gained a substantial amount of info in bout 2 minutes by just glancing through. -
to me it's too much. we are spending our lives online in a world that can be valuable, but most of the time is not. it is so hard to balance time online with time doing other productive things. So much of our lives requires us to be on the computer, ugh.
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I'm as interested by the host site for this graphic (visualeconomics.com) as I am the information it reveals about how we spend time online.
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So, this begs the question... are we spending too much time on the Internet, too little? Or are we using our time online poorly or wisely? (We - personally, nationally, globally).
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LDS.org - Ensign Article - Things as They Really Are - 2 views
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I raise an apostolic voice of warning about the potentially stifling, suffocating, suppressing, and constraining impact of some kinds of cyberspace interactions and experiences upon our souls. The concerns I raise are not new; they apply equally to other types of media, such as television, movies, and music. But in a cyber world, these challenges are more pervasive and intense. I plead with you to beware of the sense-dulling and spiritually destructive influence of cyberspace technologies that are used to produce high fidelity and that promote degrading and evil purposes.
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Brothers and sisters, please understand. I am not suggesting all technology is inherently bad; it is not. Nor am I saying we should not use its many capabilities in appropriate ways to learn, to communicate, to lift and brighten lives, and to build and strengthen the Church; of course we should. But I am raising a warning voice that we should not squander and damage authentic relationships by obsessing over contrived ones.
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Watch/Listen to it here http://lds.org/broadcast/ces/0,7341,538-1-61-1681,00.html
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Three Problems that Make Me Leave Your Blog in Three Seconds - 2 views
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Future Shock Re-assessed by Richard Slaughter - 2 views
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both individuals and societies needed to learn how to adapt to and manage the sources of over-rapid change.
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Possibly the best section in the book is that on education. Here he advanced a powerful critique: ‘what passes for education today, even in our ‘best’ schools and colleges, is a hopeless anachronism.’ He then added: for all this rhetoric about the future, our schools face backwards towards a dying system, rather than forwards to an emerging new society. Their vastenergies are applied to cranking out Industrial Men - people tooled for survival in a system that will be dead before they are. (2) The thesis was then advanced that the prime objective of education should be to ‘increase the individual’s ‘cope-ability’ - the speed and economy with which he can adapt to continual change.’ (3) Central to this was ‘the habit of anticipation’. Assumptions, projections, images of futures would need to become part and parcel of every individual’s school experience.
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Future of distributed work and crowdsourcing - 2 views
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Twitter, Facebook, and social activism : The New Yorker - 2 views
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This is in many ways a wonderful thing. There is strength in weak ties, as the sociologist Mark Granovetter has observed. Our acquaintances—not our friends—are our greatest source of new ideas and information. The Internet lets us exploit the power of these kinds of distant connections with marvellous efficiency. It’s terrific at the diffusion of innovation, interdisciplinary collaboration, seamlessly matching up buyers and sellers, and the logistical functions of the dating world. But weak ties seldom lead to high-risk activism.
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The evangelists of social media don’t understand this distinction; they seem to believe that a Facebook friend is the same as a real friend and that signing up for a donor registry in Silicon Valley today is activism in the same sense as sitting at a segregated lunch counter in Greensboro in 1960.
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Boycotts and sit-ins and nonviolent confrontations—which were the weapons of choice for the civil-rights movement—are high-risk strategies. They leave little room for conflict and error. The moment even one protester deviates from the script and responds to provocation, the moral legitimacy of the entire protest is compromised.
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A networked, weak-tie world is good at things like helping Wall Streeters get phones back from teen-age girls.
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These events in the early sixties became a civil-rights war that engulfed the South for the rest of the decade—and it happened without e-mail, texting, Facebook, or Twitter.
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The cadre of prominent bloggers, like Andrew Sullivan, who championed the role of social media in Iran, Esfandiari continued, misunderstood the situation. “Western journalists who couldn’t reach—or didn’t bother reaching?—people on the ground in Iran simply scrolled through the English-language tweets post with tag #iranelection,” she wrote. “Through it all, no one seemed to wonder why people trying to coordinate protests in Iran would be writing in any language other than Farsi.”
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“It is time to get Twitter’s role in the events in Iran right,” Golnaz Esfandiari wrote, this past summer, in Foreign Policy. “Simply put: There was no Twitter Revolution inside Iran.”
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What mattered more was an applicant’s degree of personal connection to the civil-rights movement.
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YouTube - Did You Know? - 1 views
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Check out this video about information technology progress--invading the cyber frontier
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You Will Not Believe This Is Just a Powerpoint - 5 views
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The most awesome 450 page presentation ever." That's how the authors call this slide show—and I agree. It is awesome. But knowing that it was made using only Google Docs and no extra software whatsoever, makes it truly unbelievable.
Digital Civilization in Retrospect ~ SW - 7 views
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America - 0 views
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Interesting how more than half the entry is on what America offers as far as minerals. Today America seems to be in a deficit of materials and imports tons of goods.
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Encyclopedia entry on "America". It is fascinating to see what was known to the world about America 250 years ago.
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Economic ideas regarding internet and other "free" things - 4 views
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Recommended to me by dr. burton. "turns many conventional economic ideas upside down". this should be good.
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Modern History Sourcebook: Adam Smith: The Wealth of Nations, 1776 (Epitome) - 0 views
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The process of specialization was later perfected by Henry Ford, in making cheap, durable cars.
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This great increase of the quantity of work which, in consequence of the division of labor, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labor, and enable one man to do the work of many....
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Man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favor, and show them that it is for their own advantage to do for him what he requires of them. Whoever offers to another a bargain of any kind, proposes to do this. Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater art of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
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This is the basis of the Market Economy or Capitalism, exchange based in self-interest that benefits all.
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In order to avoid the inconvenience of such situations, every prudent man in every period of society, after the first establishment of the division of labor, must naturally have endeavored to manage his affairs in such a manner as to have at all times by him, besides the peculiar produce of his own industry, a certain quantity of some one commodity or other, such as he imagined few people would be likely to refuse in exchange for their produce....It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention of which goods of all kinds are bought and sold, or exchanged for one another....
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The role/development of money. The problem with money is that it has to be regulated and who regulates it? If we let the governement regulate it, it might become manipulated...
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The value of any commodity,
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is equal to the quantity of labor which it enables him to purchase or command
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Labor, therefore, is the real measure of the exchangeable value of all commodities....
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The real price of everything
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is the toil and trouble of acquiring it.
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Note the difference between the value and the price. The price changes most significantly in relation to how much the consumer wants the product, as opposed to how much time it took the maker to make it.
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which resolves itself into labor
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resolves itself into rent
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resolves itself into profit
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ordinary or average rate both of wages and profit
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partly by the general circumstances of the society,
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A man cannot charge above that which can be paid him or he will lose business.
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partly by the particular nature of each employment
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ordinary or average rate of rent
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partly by the general circumstances of the society or neighborhood in which the land is situated,
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partly by the natural or improved fertility of the land
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When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labor, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
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The actual price at which any commodity is commonly sold is called its market price
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he market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity, or the whole value of the rent, labor, and profit, which must be paid in order to bring it thither.
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A competition will immediately begin among them, and the market price will rise more or less above the natural price, according as either the greatness of the deficiency, or the wealth and wanton luxury of the competitors, happen to animate more or less the eagerness of the competition.
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quantity brought to market exceeds the effectual demand
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A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures.
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When by an increase in the effectual demand, the market price of some particular commodity happens to rise a good deal above the natural price, those who employ their stocks in supplying that market are generally careful to conceal this change
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The exclusive privileges of corporations, statutes of apprenticeship, and all those laws which restrain, in particular employments, the competition to a smaller number than might otherwise go into them, have the same tendency, though in a less degree. They are a sort of enlarged monopolies,
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THE produce of labor constitutes the natural recompense or wages of labor.
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Such combinations, however, are frequently resisted by a contrary defensive combination of the workmen; who sometimes too, without any provocation of this kind, combine of their own accord to raise the price of their labor.....
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Masters, too, sometimes enter into particular combinations to sink the wages of labor even below this rate
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Two combinations to react to one another. Like the checks and balances found in gov.
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The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it. The increase of revenue and stock is the increase of national wealth....
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It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged
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First, by restraining the competition in some employments to a smaller number than would otherwise be disposed to enter into them; Second, by increasing it in others beyond what it naturally would be; and, Third, by obstructing the free circulation of labor and stock, both from employment to employment and from place to place.
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First,
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by restraining the competition in some employments to a smaller number than might otherwise be disposed to enter into them
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and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbor is a plain violation of this most sacred property.
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An exclusive corporation necessarily weakens the force of this discipline.
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Second,
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by increasing the competition in some employments beyond what it naturally would be
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by obstructing the free circulation of labor and stock both from employment to employment, and from place to place,
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Third,
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Will physical books be gone in five years? - CNN.com - 4 views
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I sure hope that this does not come to pass! I love books and I get pretty tired of staring into a lightbulb to read. Great article, thanks for suggestion Mike.
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Remember when we talked about this a few weeks ago? Or was I talking with some friends? Either way, enjoy the article.
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O, That I Were an Angel! - 4 views
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The ides of a Mormon Mingle sounds interesting, what does everyone else think?
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Our class should organize a Mormon Mingle outside of regular class time. Maybe we can create a Doodle on which class members post their available times to meet.
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YouTube - We Are the Future - 4 views
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Good message. It's got me thinking about voting. I liked the original a lot, and this remix takes advantage of the popularity of the first. Good work.
Top 10 Best Flash Websites of 2010 - 2 views
Ten reasons to blog even if nobody reads it - 2 views
www.businessesgrow.com/...o-blog-even-if-nobody-reads-it
blog ten reasons blogging digiciv economy business
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