A note from Daniel

The internet economy turbocharges networks. In an industrial economy, corporations accrue power mainly through economies of scope and scale; that is, ways of decreasing production costs. The diminishing marginal cost of producing more steel, cars, pharmaceutical drugs, fizzy sugar water, or whatever other widget lends an advantage to whoever owns and invests in the means of production. On the internet, the marginal costs of distribution are negli-gible, so power primarily accrues another way: through network effects.

Daniel Read Write Own, page 5 · February 25, 2024 Save to shelf
Notes like this take four seconds in Booksense. Scan the paragraph, it lands on the right page, and comes back for review later. Take your first note

More from readers of Read Write Own

More from Daniel

See their profile

Stop losing the best parts of what you read.

Booksense pushes your highlights back to you for review, so a note from page 174 is still yours a year later. Free on iOS.

Daniel on Booksense 5,999 notes 387 hours of reading