Wednesday, May 23, 2012

The Facebook Economy...

is pretty flimsy.  But we can get all excited about it, that's for sure.

What, precisely, is the significant difference between an economy built on Facebook and a tribe of naked pagans exchanging leaves with one another? At least in the case of the latter, someone is picking up the leaves off the ground. The idea that the more efficient exchange of information would make us more productive refuted itself with the release of Windows 3.0 and the inclusion of Solitaire and today is no more credible than the now-laughable idea that financial innovations and complex financial instruments would benefit the economy as a whole. 

 I don’t begrudge the Facebook investors their billions nor do I know where this is all leading. And yet, I can’t escape the thought that if Facebook is the crown jewel in our economic empire, the emperor is not wearing any clothes.

Vox Day

Entire article here.

E.'s not going to pile on FB.  I'm on it, but post very sparingly.  It is fun to hear about what's going on in "friends'" lives.

I think FB, if they are half as smart as I think they are, will find ways to offer "products" and "services" that their users would be willing to volunteer to pay a little bit for. They have a very captive user base and they will attempt to make money from us.  I don't want to be forced to buy anything though or pay for anything that has been free thus far.  That will finish me with them.

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