The innovation we are seeing today is like few times in human history. It’s truly amazing. It’s trite to say innovation is disruptive, but innovation today is really rubbing and creating a lot of friction in traditional hierarchy.
I want to expose you to a few touchpoints that illustrate what I am taking about and thinking.
- Andreesen-Horowitz podcast. Innovation is inevitable. Instead of fighting it, we must learn to utilize it and optimize it. (41 min)
- Brexit and Trump Megan McArdle writes a good piece on how the internet is enabling classes and opinions the “elites” don’t care for. It doesn’t fit their agenda, hierarchy, or power structure.
- Albert Wenger’s talk. I don’t agree with everything he says here, but his points are very provocative and well thought out. The idea of zero marginal costs is interesting. (22 min)
- Chicago grappling with Airbnb/Uber/Lyft
- An Army of Davids by Glenn Reynolds.
- if you want to oppose Senate Bill S6340A (aka the NYC Airbnb bill), you can do so on the NYS Senate website here https://t.co/DJEMYGYbkn
— Fred Wilson (@fredwilson) June 17, 2016
There is a common thread that runs through all of these disparate points.
Who is standing in the way of innovation or progress? Vertical silos. Government bureaucracy. Entrenched power networks.
The internet army is a massive army. Like army ants, it will overwhelm and crush any opponent given time. The vertical silos and bureaucracies “like” innovation and progress when it helps them further entrench themselves. But, they fight it to the death when it starts to erode their power.
It is the massive conundrum of our time because progress is so fast. Elites have been so wrong about organizing and predicting things that they have lost credibility among the masses. Elites have also turned into corrosive crony capitalists. Instead of utilizing the levers of power for the masses, they use it to enrich themselves. The internet and it’s relentless transparency expose them.
The “Champagne Socialists/Crony Capitalists” are starting to get their comeuppance. They are fighting back with bureaucracy and regulation. The middle class has been consistently picked apart. They are now mad as hell and they aren’t taking it anymore.
In many cases, they are moving. That’s exactly the trend in my home state of Illinois. At a certain point, you run out of places to move. That’s when the trouble starts for the entrenched power class and the resulting battle is never pretty.
In the US, we need to peacefully disrupt and dismantle”The Fifth Estate”, the government bureaucracy. The Fourth Estate has totally let us down and has been corrupted by the Fifth Estate. Fortunately with the internet, the 4th Estate is less important and has its own fight for life. But, it looks like the Fifth Estate is not going to go peacefully.
thanks for the link Instapundit. Happy Father’s Day to everyone.