The Awesome Science of Chinonomics

Of all the revolutions that we are currently living, technology is the most promising one. It has killed industries , obliterated professions , and elevated the standard of living for those consumers who have participated in the bonanza. Technology (or more specifically, the internet) has disrupted the taxi monopoly on urban transportation, broken the chokehold of the prescription eyeglasses industry, and more generally, commoditized information .  But, if the internet has destroyed the margins of information dispersion companies... Sad news for journalism majors :( ... and made many disappear... more sad news for journalism majors :( Why is it, then, that the internet, which fundamentally is a revolutionary way to distribute (and potentially instill) knowledge, has not contributed to the commoditization of the Educational function of the University (whose mission precisely is to distribute and instill knowledge)? The answer, as certain South Afr...

How important is it to feel like you belong? To many of us, very important. We are social animals that constantly feel the need to be accepted . Religion, sports teams fan clubs, political parties. All examples of groups of people that share something in common. Networks of people. The concept goes beyond human association based on interests or values. Networks are formed around the use of common instruments: languages, gadgets, credit cards. Why join a network? Because you benefit from the fact that other people belong to that very same club. As a non-native English speaker, you learn English because the world of international business speaks English, not Russian, Greek or Arabic. You get a Visa Card instead of a Discover or Diners Club because you want to have access to the biggest network of POS in the world (87% of merchants worldwide accept it). You buy a gasoline-powered vehicle instead of one using Natural Gas because you want access to the well-established network of gas...