"The Endangered Public Company" (Economist)

 As I read this article, I asked myself on the risks and the benefits (tangible or otherwise) the virtual market offers, especially now that they are entering into a more regulated arena, as their profits seems to grow and their services expands more than 5x's their size. Is having virtual companies such as Google, Facebook, etc a risk in the market that will only extend our current state, will it lead this economy out of rehab quicker; surely we can all admit that current remedies has yet to proved effective (in speed and time), OR is it offering the economy a temporary relief. Quite frankly, I have never taken my mind down that field of thought. We can say that Capitalism has given our society and economy a structure and function that is irreversible, we can only move forward (a claim made once my Marx... I am not claiming socialism) and hope that current and future innovation, technology, and science we lead us to a more advanced capital society. Will the virrtual market lead us out of exploitation of people by multinational corporations, does the existence of the new market present the birth of reliability on science, thus is that not where we should invest in?

Truthfully, we have never stop relying on science. The agricultural revolution, the industrial revolution, the internet era. Our aim has always been in finding way in which science can serve us?

What I say here is not the same route the link to the article I have left below elaborates on, but that is the route my mind is turning into. We are giving life.... no birth to an internet era that we have allowed the current benefits to supersede the future costs. Than again, can you blame us? society runs on a short-term cycle. We are limited in many ways, thus we can only try to profit from what is successful today, hoping tomorrow it will not fail us.

I'm currently reading "The Next Convergence" by Michael Spencer. I will not keep an updated post on this, until I'm done with the reading.

Thanks!


Something else to read. Click here to read: The Economist