Second Order Effects. Growing up in a low-friction economy, taking networked media for granted, may have profound effects on society and its organization, observes Michael Malonein a great WSJ piece. I've often found it ironic that electronic media, conceived in part with the idea of 'augmenting' large hierarchical organizations, have at times had the effect of pouring acid on them instead. Another effect has been to shift attention to areas where friction still binds, such as the need to free healthcare risk pooling from ties to specific companies, without turning it into a government bureaucracy. Meanwhile, the regulatory and compliance burden on even small enterprises continues to grow, not shrink. At some point these two trends are going to impact head-on.
Now there's an investing theory. Let's have all the annoying companies buy each other. Comcast acquires Plaxo.
Why I'll be backing McCain. It's certainly not because he's my favorite politician. For one, he takes a too casual - if not arrogant - attitude towards the First Amendment. Nonetheless, he will have my vote and support. This guy says why.
Has Green hype gone over the top? Well, yes.