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In reality, economics is not about money. If you produce resources or services of value, then the future is rosier because others will trade with you in exchan
by avstraliitski 15y ago
In reality, economics is not about money.
If you produce resources or services of value, then the future is rosier because others will trade with you in exchange for access to those resources or services.
If you make some piece of software junk that's dismally easy to copy and do so based on speculative capital, particularly when it provides arguably zero unique value, then what you've done is wasted everyone's time... including that of your own workforce. See http://en.wikipedia.org/wiki/Evernote#Similar_products_and_services http://en.wikipedia.org/wiki/Evernote#Similar_products_and_s...
Unfortunately, this sort of thing is rife in the US.
Back to reality: I cannot conceive of China suddenly sending squillions of RMB to the US because someone figured out how to Web2.0 a TODO text file. Hence, skepticism on real economic value.
- Hisoka 15y agoYou do have a good point. I mean, deep deep deep down, Evernote is just a glorified Notepad. Most of their users are free, and I can't imagine them being a $100 mil company selling glorified Notepads for just $5/month when they aren't that popular in the entreprise market.
- veidr 15y agoThat's like saying "Dropbox is just a glorified folder." It's true enough, but that doesn't mean that your underlying premise is valid.