Outstanding post by Alex Iskold, although the analogies to the stock market, economy, and bubbles and recessions are totally off. The part about the digestion phase of technology, though, is very true. The key, in my opinion, is to leverage commoditized technology to increase the return of human intelligence and to return on attention of the audience. Or, in sum, the remix economy.
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Everything is cyclical. From stock markets to our daily lives we see cycles; on the macro scale of economics and on a micro level of entymology there are cycles. Technology is no exception: it follows the ups and downs, taking the big
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