Category: Commentary
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Life in a Networked Age
John Robb, who brought us the term “open source warfare,” wallops the concerns of governance of our increasingly global network: A global network is too large and complex for a bureaucracy to manage. It would be too slow, expensive, and inefficient to be of value. Further, even if one could be built, it would be impossible to apply…
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8 Simple Steps to Personal Networking
Here are some simple steps you can take to start easy, and create a habit of expanding the value of your network by bridging gaps. Make a list of everyone you have exchanged email with in the past month [gmail search] Add to your list some personal notes: what they do for a living, their…
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Demographics Fail
We forget, now that our reach is wide, that all purchasing is done by individuals. Since we don’t know the individuals, and locating and selling to each and every one of them (us) is too expensive, we developed marketing to help us select the people, the individuals, most likely to purchase whatever we are selling. …
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Bernanke: Individual power increases network risk
Oct. 15 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the central bank will consider discarding its long- standing aversion to interfering with asset-price bubbles and warned that the banking business may be concentrated in too few companies. Sounds familiar.
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Bailouts: Understanding Risk in a Networked Economy
Individual power increases network risk. When the power goes, so does the network. But, this risk can also mobilize everyone else to buoy up the network by supporting the powerful (AIG rescue) or group cooperation (bailout lobbying). When a power fails, there will be painful redistribution of wealth (Lehman Brothers) and the market as new…
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Innovation Thrives Under Constraint
This is not my usual topic, but I’ve done a lot of work looking at innovation, and the conditions under which it thrives. Evan Williams and Jack Dorsey, founders of Twitter, have talked often of the “constraints” that are built into the Twitter app. You can only post 140 characters in a single message, for…
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Newspapers: Don’t Give Up Yet!
Dan Gilmore: Newspapers have at least two more huge opportunities. First is to open the archives, with permalinks on every story in the database. Newspapers hold more of their communities’ histories and all other media put together, yet they hoard it behind a paywall that produces pathetic revenues and keeps people in the communities from…