Thursday, July 06, 2006

The Economics of Abundance

Started my summer reading by cracking open "The Long Tail." Came across this passage, which resonated strongly with me:

"Hit-driven economics... is a creation of an age in which there just wasn't enough room to carry everything for everybody: not enough shelf space for all the CDs, DVDs, and video games produced; not enough screens to show all the available movies; not enough channels to broadcast all the TV programs; not enough radio waves to pay all the music created; and nowhere near enough hours in the day to squeeze everything through any of these slots.

This is the world of scarcity. Now, with online distribution and retail, we are entering a world of abundance. The differences are profound."


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