Something is going on!
Tom Friedman wrote the best-seller The World is Flat, in which he says that every worker in North America is now competing against the smart and hungry workers of India and China (and there are roughly 3 billion of them).
His message is so powerful that even the Bush administration is listening to him.
But there's something else going on, which I can't yet put my finger on. It's about the Web 2.0, which enables people to interact DIRECTLY with millions of other people on the other side of the planet and to collaborate in open-source projects.
Yahoo! Answers (http://answers.yahoo.com) is one such example.
Then, there's PayPal, which enables anyone to pay anyone else who has a PayPal account (which is free to create).
There's also this RSS thing, which enables a person to subscribe to a blog (like this one) and receive daily emails containing recently uploaded postings.
When I mix all the above trends together, I can't help but conclude that:
1. Knowledge is power
2. Power is money
3. Therefore, in the new economy, smart people will be very rich
(More later).
His message is so powerful that even the Bush administration is listening to him.
But there's something else going on, which I can't yet put my finger on. It's about the Web 2.0, which enables people to interact DIRECTLY with millions of other people on the other side of the planet and to collaborate in open-source projects.
Yahoo! Answers (http://answers.yahoo.com) is one such example.
Then, there's PayPal, which enables anyone to pay anyone else who has a PayPal account (which is free to create).
There's also this RSS thing, which enables a person to subscribe to a blog (like this one) and receive daily emails containing recently uploaded postings.
When I mix all the above trends together, I can't help but conclude that:
1. Knowledge is power
2. Power is money
3. Therefore, in the new economy, smart people will be very rich
(More later).
posted by Super Peter at 10:41 PM
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