The Current Thing – Stratechery by Ben Thompson

A truly sustainable business model depends on being able to connect to your customers on your own terms, not an Aggregator’s.

The end result is a world where the ability for anyone to post any idea has, paradoxically, meant far greater mass adoption of popular ideas and far more effective suppression of “bad” ideas. That is invigorating when one feels the dominant idea is righteous; it seems reasonable to worry about the potential of said sense of righteousness overwhelmi... See more

It used to be that media organizations had a big advantage by virtue of owning printing presses and delivery trucks, or broadcast licenses; celebrities and politicians would have their proclamations carried across those same mediums by virtue of their popularity or power. The same advantages applied to other areas of the economy like retail and con... See more

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 Physical goods still need to be made, but they can be sold to anyone by anyone, and shelf space has been replaced by the commoditized cardboard box.

In other words, centralization is a second order effect of decentralization: when all constraints on content are removed, more power than ever accrues to the entity that is the preferred choice for navigating that content; moreover, that power compounds on itself in a virtuous feedback loop.