23 Oct 2006

The Post-Modern Rhetoric of High Technology

Skinner Layner in Web2.0Journal:

"Joseph Schumpeter’s winds of creative destruction are blowing especially hard in the Internet technology world today, with remarkable improvements to our daily lives. But these winds can blow too hard too often, and an even older economic law, the Law of Diminishing Returns, begins to take over. (...)

Ultimately, therefore, the success of Web 2.0 depends less on what it accomplishes in the present and more on what groundwork it lays for the future. Indeed, it is rather ironic that the final metric for Web 2.0 is what comes after it."

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