However, Kay believes that most people in the world are still living in the previous paradigm, and that most people are still using computers to simulate old media and create old representations on them. A PDF is an analog of paper, a movie player is an analog of television, and a music player is an analog of a record player. We use the new medium ... See more
But where we get ourselves into trouble is in viewing shopping as a moral act—and viewing shopping at a cheap chainstore that has poor business practices as an immoral one. Consumption is an economic imperative (there’s no escaping it under capitalism), and it is fundamentally determined by our income. Unless we believe that rich people, who can af... See more
6. Property rights have become encryption. The state’s conception as the legitimate guardian of private property extends back to at least philosophers Thomas Hobbes and John Locke. But cryptocurrencies challenge this view as they establish a full-fledged theory of digital property rights outside the state.
Small groups are the new social networks. The next counter-cycle to the giant island of Facebook and Twitter will be an archipelago of different groups, one for each niche and community.
These initiatives are certainly a feel-good way for customers to continue to support the hospitality industry – but it remains to be seen if they can provide enough of a boost for restaurant owners to continue partnering with them in the long term. External interventions on the hospitality industry don’t always go well, particularly where there’s a... See more