There was an interesting article in the January 2012 edition of Vanity Fair, a magazine I’ve come to enjoy though for many years regarded as another of those things my wife would like more than I would. But VF carries an interesting blend of current events and politics, as well as the glossy pictures and stories of pop-culture icons that seem to be necessary to sell a magazine these days. I say necessary but for the exception of The New Yorker. How those people continuously pump out the level of quality journalism that they do, on a weekly basis, always amazes me.
I suggest a further step to "take cost, risk and waste out of many transactions and relationships" is a radical shift toward letting customers set prices based on perceived value, and explain their reasons--and letting sellers then selectively continue their relationship with those who price and explain fairly. That will expand markets and lead to more efficient value exchange, better matching willing buyers and sellers at individually tailored prices that are fair for a diverse range of specific contexts. Details are explained at http://www.fairpayzone.com/2011/12/fairpay-better-strategies-for.html
Does no one see the correlation between the way we've spent (or wasted) our time and money the last 30 years and the stagnation of innovation? The economy has been sucked dry by wars and other shifts in spending priorities, and the recession we're living through now is but part of the bill that's come due. Social media might represent technological advances, but to me they're also but another example of the bread and circuses mentality that has dominated our culture during this time. If the "bounce" -- and I seriously doubt there will be one -- is based on the shift to a service economy, does that mean one with high-paying jobs or minimum wage jobs? Could I have another bowl of gruel, please?
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The Beginning of the Bounce
Posted by: Denis Pombriant December 21, 2011 05:00 AMThere was an interesting article in the January 2012 edition of Vanity Fair, a magazine I’ve come to enjoy though for many years regarded as another of those things my wife would like more than I would. But VF carries an interesting blend of current events and politics, as well as the glossy pictures and stories of pop-culture icons that seem to be necessary to sell a magazine these days. I say necessary but for the exception of The New Yorker. How those people continuously pump out the level of quality journalism that they do, on a weekly basis, always amazes me.