Despite DotCom bubble, internet economy continues bringing about greater impact on human life: Socio-Business Networks are turning up exclusive Clubs aiming at greater control with the help of Pareto's Principle - The 80-20 Rule; the world must see quite quickly new cartels replacing older one; Power of blog using mostly free space on world wide web has pushed conventional journalism to defensive - pretigeous WSJ has been agreed to be taken over by Rupert Murdoch's News Corp from Dow Jones; Does this change has an impact on Paul Steiger's decision to head ProPublica? ProPublica will have funds from Sandler Foundation, The Atlantic Philanthropies, the JEHT Foundation and the John D. and Catherine T. MacArthur Foundation to provide its articles free of charge through its own Web site as well as to leading news organizations; And then there are advocates and practioners of Open Source and Free Space, what they are really up to will be completely unfold in not too distant a future; Money did not create technology most of the inventors and innovators certainly moved from rags to riches with the help of money to vertically and once got strong foothold in upper strata nova riche never mind what is happening downstairs – Bill Gate having become a Philanthropist is doling out money for poor but very selectively but Microsoft continue struggling monopolising computer softwares. The new challenges the world face is at the hands of technology; now many people all over the world make a lot of money quite quickly with minimal capital investment - here talent and time work in unison and quite dramatically! Money is well known for resort to killing where it cannot buy - OBL once blue-eyed is now the worst foe but he remains main character of 'War on Terror" or is it really War OF Terror. Does at stake is his head now priced at $ 50 million or, in fact, crushing the demands of fair-play in politics and equitable re-distribution of wealth. How the paradigm built on Pareto’s 80-20 Rule can be changed unless conditions contributing to survival of this rule are changed. Is the internet economy is up for the best or worst change for majority human population? Or is it that proverbial eBomb? Favour me with you thoughts, please!
16/10/2007
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