Re: UKNM: Arse

[Tim.Hayward]

I gave up lecturing at my old college when I found myself standing at the

podium

staring into the dead eyes of 200 soulless yuppie fucks.


I could never work out how a hotbed of student radicalism had become a

greenhouse for aspirational vampires. In reality, I suppose I was the last

generation paid for with public funds, but the change was disorientatingly

swift.


Sometimes, though, I get the same feeling talking at industry functions.


What I find exciting about this industry is its ability to sneak under the

radar

and destroy unnecessary traditional structures. The government is quietly

rewriting the most repressive pornography laws in any non-Muslim country

just

because the web makes them unsustainable. Napster is silently destroying the

non

value-adding, parasitic layers of the music industry. The ad industry is

rearranging the deckchairs on the Titanic. The web has given ordinary people

encryption strong enough to guard their own privacy from state intervention.

Broadcast giants are losing their power as the consumers use new

technologies to

control their own consumption. I just had a meeting with Beenz, a structure

which happily admits it is silently undermining taxation and international

exchange. The medical establishment is running scared of peer support groups

and

self diagnosis. Estate agents are an endangered species. Even legal advice

is

being commoditised.


The last time things were this good sailors from the Potempkin were breaking

old

ladies glasses.


The only trend that matters is that the web puts power in the hands of

consumers

and cuts out middlemen. The web is like Darwin at light speed.


So why does most of our 'Industry' want to ape dinosaurs? I'm all for

bringing

the ad industry crashing to its knees but that doesn't mean that I get the

Ferrari and the coke habit... it means that the economy has caught up with

an

unsustainable model and killed it.


Egg's valuation is based on its ability to be as big as a traditional bank

with

less costs.


But the reality is that Egg can't fill a bank shaped niche because the niche

no

longer exists. Customers have moved on. Evolution has happened. The poor

dumb

chimps that banks have been ripping off for centuries just evolved an

opposeable

thumb and are using it to hit the enter key - flipping between accounts at

terrifying speed.


That's why the .com frenzy wasn't the beginning of the New Economy, it was

the

last death struggle of the old one.


Greedy but ill-informed investors thought that .coms could be as profitable

as

traditional companies but with lowered costs. They invested accordingly.


The reality is that they will never be as profitable or as large. They don't

need to be. And the spare change goes back to the customer.


74% of American students believe they will be millionnaires. Nobody asked

them

what percentage thought they could change the World but I'll bet it was

around

3%. The strange thing is that in reality the web show little sign of making

many

people very rich at all. On the other hand it has enabled some surprisingly

ordinary people to fuck with governments, religions, big businesses.


It would be nice if people realised this. When I talk to  a roomful of

students,

I want to let them know the power the web can give them. What a rotten shame

that all they want to know is how to make money out of it.


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