Friday, 16 August 2013

trading analogue dollars for digital pennies

Well put, Economist:


Hollywood loathed the VCR (comparing it to the Boston Strangler); the networks hated cable TV; sheet-music publishers feared the phonograph; Socrates was sceptical about writing (not interactive enough, apparently). Yet nearly always two things happen: the old media survive (people are still buying vinyl records and even the odd printed magazine), and the new media expand the market.


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