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Where does your entertainment dollar go?December 1, 2006 on 10:11 am | In Bitmunk, Industry, Music, Television, Movies and Video |The Economic Advantages of Specialization Communities have collaborated for the greater good for millenia - specialization is fundamental to a society that wants to become more productive. At first, it was about survival which gave way to more complex economic incentives. You only need one good blacksmith, doctor and bread maker in a small village. As the village grows, you still need but a small fraction to specialize in performing a specific task. These specializations grow as a society expands its capabilities. For an example of this, you need only look at the numerous types of accounting, law and technology firms that exist today. Specializations come and go, what was difficult to accomplish ten years prior may become common place over the course of a decade. Creating a simple electronic commerce website was an expensive enterprise in the mid 1990s requiring tens of thousands of dollars in investment. Today, you can put an online store together for a fraction of that thanks to eBay and PayPal. The specializations that are of value are usually backed by a strong economic reward for specializing. Typically, if you can do something better than anybody else, you are rewarded in some financial way for providing this service or good to others. Financial rewards, however, are not the only way to reward individuals and groups. Sometimes, social rewards are far more effective…                 3 Comments »RSS feed for comments on this post. TrackBack URI Leave a comment |
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This is an extremely wonderful and well thought out essay. I would love for everything to happen like that, and to tell you the truth–if we are ever able to build this model I will GLADLY pay $20-$30 more to keep commercials out of my life.
On the other hand, I don’t see this happening. I hope I am wrong. What you are proposing is to cut out the middle man, who gets at least $92 Billion a year to provide us with "entertainment". With this much money on the line, I really don’t see the big telecom just "giving up" their content. They will surely put up a hell of a fight to preserve the old model. Just look to what they did to "a-la-carte" model that was just floating around a couple of years ago.(ability to buy only cable channels that you want). This had an overwhelming support among the Congress and the General Public who is sick of paying $100 a month to basically watch their 3 or 4 favorite channels. There were even hearings on the Hill scheduled. And what happened? Poof! GONE! Not even a peep.
Comment by BrooklynNY — December 12, 2006 #
It’s not so much the networks that control the conent of our favorite entertianment shows on tv as much it is the companies that advertise. It’s sort of scary that a cat food or plastic company has a lot of control over our favorite sitcom or reality show!
Comment by Luke Schmucker — January 23, 2008 #
cool story
Comment by laptop batteries — October 5, 2008 #