3 ms·
Some good points, but I beg to differ with, "If social tools were creating real economic gains, we'd expect to see a substitution effect. They'd replace — disin
by ekanes 17y ago
Some good points, but I beg to differ with, "If social tools were creating real economic gains, we'd expect to see a substitution effect. They'd replace — disintermediate — yesterday's gatekeepers."
User reviews on sites like Amazon or Yelp (current legal issues aside, I have found it very useful) have largely disintermediated gatekeepers, to the benefit of customers.