Re: Wasn’t that a party?

[Note:  This comment comes from friend Bob Frankston.  DLH]

From: “Bob Frankston” <Bob19-0501@bobf.frankston.com>
Subject: RE: [Dewayne-Net] Wasn’t that a party?
Date: October 8, 2013 at 3:10:34 PM PDT
To: dewayne@warpspeed.com

So we’ve finished with inventing new things?

Perhaps this is why he’s an economist. He assumes his formulae can predict
the future. They don’t allow for the discontinuities that are the source of
unanticipated value.

These “one-time” events are what drives evolution and creates value. We see
the danger in this thinking in policy making which wants more of the same.
Thus we increasingly devolve the Internet to be tuned for today’s web just
like we limited the phone network to phone calls.

Instead we need to recognize the value of the Internet’s underlying
connectivity as enabling innovations such as the web.

This is why I like David Landes’ “The Wealth and Poverty of Nations” about
the importance of policies that embrace and transcend disorder.

It’s why I worry about the idea that we can solve problems with startups
that simply refine the past rather than creating the resources that enable
innovations beyond what can be narrowly monetized.

Bob Frankston
http://frankston.com


When Wealth Disappears
By STEPHEN D. KING
<http://www.nytimes.com/2013/10/07/opinion/when-wealth-disappears.html>