11/26/2004

Department of endless bullshit dot com: Reynolds has posted the following crap from the Economist

The first indication came when the falling price of computers crossed the point where the average programmer could afford to own a computer capable of producing the code from which he typically earned his living. This meant that, for the first time since the beginning of the Industrial Revolution, the ownership of the most critical tool of production in the most critical industry of the world's leading economy was readily affordable by the individual worker. Throughout the first three decades of the Information Age, the individual worker was still dependent on his employer for his means of production, just as any textile worker in Manchester or Lawrence was in 1840.

Suddenly, this changed. Now it is as if a steelworker could afford his own blast furnace or rolling mill, an automobile worker his own assembly line. By strict Marxist definitions, capitalism ended sometime in the early 1990s. This is a development that has not received adequate attention.
Wrong. There is no value whatsoever in having the abiltiy to post to the web. Should you decide to sell via the web, you still have to manufacture or buy the product you want to sell. There is no difference between the tree media and the web except that web ads are not easy to sell. The web BtoC business model is just mail order without the mail.

What we do have is a revival of that 18th century wonder called the pamphlet. There is no money in it but you can start a revolution with pamphlets as Tom Paine and America well know.