Wednesday, July 16, 2014

The Intertunnel fiddles........

.........................with the Law of Supply and Demand.  Adjustments are being made on the fly.  To wit:

But on the internet, there's no scarcity:  there's an endless amount of everything available to everyone. The laws of supply and demand don't work terribly well when there's infinite supply. Swift is right that "important, rare things are valuable," but she's failed to understand that the idea of rarity simply doesn't exist in the digital marketplace.

Full essay here.

1 comment:

  1. Lots of needles in an almost infinitely large haystack.

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