Thursday, December 31, 2009

The modern economic dilemma: Everything is free, but no one has a job.

Excerpt from the The Google decade:
... consider all the mortal foes Google has racked up in the last decade. Microsoft. Amazon. Viacom. News Corp. AT&T. Every publishing house and newspaper in America. That’s quite a list for two men who once merely aspired to put the Gettysburg Address on your screen in a microsecond or two. What other businesses will they disrupt in the coming years? ... In industry after industry, by offering services for nothing, Google has metastasized the modern economic dilemma: Everything is free, but no one has a job. This was probably inevitable, and maybe we should thank Google for forcing us to face reality now, and in such a dramatic fashion.

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