One alternative to this state of affairs is to ditch the idea, should we be under its sway, that what we need to make our way in the world is simply more information. For one thing, there are practical difficulties: even in cases where more information might be genuinely helpful, it may not be forthcoming when we need it. But, more importantly, som... See more
He said that even though we desire to be loved by others, at the end of the day, we experience happiness only when we are successful according to our inner scorecard.
I’m not arguing that Facebook and Google aren’t extremely powerful companies. They clearly are. But I’m not convinced that their power is really based on network effects. Network effects might have helped them to get to where they are today, but their defensibility lies somewhere else.