Tuesday, July 19, 2011
iBrain Chapter 5 - Friends, Guns and Money
Chapter 5 seemed to obvious. I'm also taking a class on Intergovernmental Relations. Readings for that class explored the loss of tax revenues by various levels of government due to on-line shopping. While this may sound good to the private citizens, it has a cumulative affect spread out over the entire population of a jurisdiction and the course of year that can reap havoc on public budgets. It made me, for the first time, start questioning some of the "free web" ideas. I also heard on radio financial programing that Google is facing some challenges monetizing some of their newer features and applications. They company has great ideas but there is a fundamental economic strategy to keep producing new products as long as marginal revenues are greater or equal than the marginal costs of that product, if new products are costing more than they generate, there is no incentive to keep them in place.
Posted by echoes at 1:52 PM