Keith wrote:

> Quite beside the fact that usage of Facebook in America, its place
> of origin, is already falling away, its hoped-for customer base is
> upside down. It has been a fashion that started among the
> economically poorest segment of all in an advanced country, namely
> teenagers.

     He gives the kids free samples,
     Because he knows full well
     That today's young innocent faces
     Will be tomorrow's clientele.

       -- Tom Lehrer, "The Old Dope Peddler" 

Not to disagree with the rest of your post, where you continue:

> Unfortunately, however, teenagers are not only the economically
> poorest segment in the advanced countries already but they are going
> to be even poorer in the years to come as adults increasingly shut
> them out of the world of work by working for many more years
> themselves.

Well, in a cyberpunk future -- cf. Gibson's Sprawl trilogy or Bruce
Sterling's work [1] -- electronic networking won't provide lux
condos, six-figure incomes and entry to the 20%.  But it may well
provide those in the middle -- those who don't abandon all hope due to
innate stupidity or to drugs, alcohol, frustration and rage -- to live
in the cracks as do Gibson's or Bruce Sterling's characters.

As for the market hype surrounding Farcebook -- the IPO, the jockeying
among bankers and securities weenies and all that -- I wouldn't put
money on your prediction,

> No, Facebook hasn't a chance of success.

nor on the contrary one.

> Instead of being a future consumer market, the jobless young are
> more likely to use their mobile phones to gather 100, 200, 300 or
> 1,000 rioters instead when provoked by one incident or another.

But, being, as you point out, in their optimal creative (and most
resilient) years, there are probably alternatives to flash-crowd riots
that can emerge from the technology which old geezers such as you and
I haven't thought of.  Sterling and Gibson, inter alia, have thought
of some of them.


- Mike


[1] Sterling has projected numerous different takes on the future of
    today's youth disenfranchised by the very processes we've been
    talking about here.  I think it's a mistake to overlook
    thoughtful fiction when thinking about this stuff.  In my high
    school senior year, my English class was taught by a charming 80
    year old man who'd spent his entire career at that school.  I once
    quoted Thoreau as having said, "I read no novels".  Dr. Smith
    replied, "What a shame!".

    Short story intro to Sterling's take: Bicycle Repairman, in _A
    Good Old-Fashioned Future_.  The eponymous repairman lives and
    works in a freight container in the burned-out, riot-trashed
    shopping-mall atrium of an otherwise functioning, pricey high-rise.
    His mother lives in a lux condo on an upper floor.  His mother
    wants him to get a job.  He wants to build the perfect racing
    bike.

-- 
Michael Spencer                  Nova Scotia, Canada       .~. 
                                                           /V\ 
[email protected]                                     /( )\
http://home.tallships.ca/mspencer/                        ^^-^^
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