Low-cost technologies are transforming business
Interesting article by Thomas Friedman in The New York Times today on the do-it-yourself economy. In his article Friedman talks about the great inflection:
The Great Inflection is the mass diffusion of low-cost, high-powered innovation technologies — from hand-held computers to Web sites that offer any imaginable service — plus cheap connectivity. They are transforming how business is done.
On the great inflection I completely agree — I think it might prove a big agent for innovation. But — perhaps because I’m European — I don’t agree at all on the credit part. The credit-market is far from healthy; we need to get other values (e.g. nature, happiness) incorporated in our definition of wealth.
