The American Dream is Going Digital

The American Dream is Going Digital: The Land of Opportunity is the Internet This tweet went viral. As one might expect, the responses ranged from despair over a lost generation of youth, to proclamations that China would inevitably overtake the West as the leading superpower. Some ascribed ...

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The Internet changes all of that: now articles and videos are simply digital bits, easily created and easily transmitted anywhere on the globe, effectively for free. Physical goods still need to be made, but they can be sold to anyone by anyone, and shelf space has been replaced by the commoditized cardboard box.

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"All parts of our economy were previously based on scarcity. In almost every case, that scarcity has disappeared. The way you win on the internet is to be the starting place where people go - Google, Facebook, these aggregators - or you're highly differentiated and you leverage the fact that you have zero distribution to reach anyone."

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