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Should be seen in the context of how the Attention Economy works. Content keeps exploding but the pool of Attention does not grow at the same rate. Herbert Sim
by nvfs6 2y ago
Should be seen in the context of how the Attention Economy works.
Content keeps exploding but the pool of Attention does not grow at the same rate. Herbert Simon said a Info Explosion causes a Poverty of Attention when describing an Attention Economy.
If Too much money chases too little goods in the market we get Inflation. And when we get into hyperinflation scenarios the chimp troupe has no defence through individual action. This is a systemic problem and requires the invention of a Central Bank to take control of money printing and targeting a healthy inflation rate.
In the Attention Economy there is no Central Bank. Just platforms. And you can thank them for not monitoring the inflation rate.