Greetings Economists,
On May 22, 2008, at 9:39 PM, ravi wrote:
"fidelity" should be a distant second to other aspects of media
content.
Doyle;
As by chance this appeared today in the NYTimes -
http://www.nytimes.com/2008/05/25/magazine/25wwln-consumed-t.html?ref=technology
quoting -
"A high-enough degree of convenience is exactly what makes a “good
enough” product consumable. Digital-compression formats like the MP3
and most of its successors have entailed a step down in audio quality
— but for most listeners, they’re “good enough” when you consider that
they’re obtainable instantly (and, often, free). As Fleming-Wood
points out, the camera business went through its own version of this
epiphany decades ago, with the rise of one-button devices that
couldn’t possibly match the quality of single-lens-reflex cameras but
were far more accessible. Hobbyists (and dads) still toted their bag
of lenses, but meanwhile the no-brainer cameras found a home in
millions of purses and pockets, and snapshots are a lot more common
than carefully lighted family portraits. Pure Digital, then, has
positioned the Flip as a tool for the video version of the snapshot."
Doyle;
Building information, producing information seems to continue in the
present economy getting cheaper. And networking the information for
example sharing movie files grows more important. So cheap
information allows network structure to emerge as an important
component of media. The cheapness of information somehow undermines
previous standards of quality because the community connection turns
out to grow wealth better for capitalist economies than historical
concepts of quality.
I emphasize community connection is being developed and where value
creation is being developed.
thanks,
Doyle Saylor
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