With commerce rapidly moving online, Amazon has positioned itself as lord of the realm, which means that online commerce is no longer a market in any meaningful sense of the word. It’s now a privately controlled arena where a single company sets the terms by which we may exchange goods with one another and decides which products—which new authors, which new innovations—get to find an audience.
Erik Finman made a bet with his parents that if he turned 18 and was a millionaire, they wouldn’t force him to go to college. Thanks to his savvy investments in bitcoin and the current all-time high valuation, he won’t have to get his degree.
We live in an age when 2.5 quintillion bytes of data are created every day, with much being intentionally misleading, “fake” or just plain wrong. What could be more valuable than developing an intellectual filter, cultivating the capacity to know what is important to know, distilling enormous amounts of information to form a rational position, or knowing how to listen and respond to—or perhaps integrate—someone else’s point of view?
I can say this with confidence because there’s always a recession coming – we just never know exactly when. About the only thing I can guarantee is that we are about four years closer to the next recession than we were when I wrote that optimistic earlier article.
Like many deep questions, the question of what space is sounds like a simple one at first. But if you challenge your intuition and reexamine the question, you discover that a clear answer is hard to find.