I was a little busy last Wednesday, and so I missed Nicholas Carr's excellent piece on the Benkler/Calacanis smackdown -- a phrase I never thought I'd type -- which is, in my opinion, much more interesting than the Rose/Calacanis smackdown.
I think that what Calacanis is getting at is that the reason "social media" has existed outside the price system up until now is simply that a market hadn't yet emerged for this new kind of labor. We weren't yet able to assign a value - in monetary terms - to what these workers were doing; we weren't even able to draw distinctions between what they were contributing. We couldn't see the talent for the crowd. Now, though, the amateurs are being sorted according to their individual skills, calculations as to the monetary value of those skills are starting to be made, and a market appears to be taking shape. As buyers and sellers come into this market, we'll see whether large-scale social media can in fact survive outside the price system, or whether it's fated to be subsumed into professional media. Which is mightier - Benkler's dream or Calacanis's wallet?
By the way, I read Wealth of Networks earlier this year, and thoroughly enjoyed it; I've been meaning to synthesize some of my thoughts about the argument and post them here, but haven't got around to it yet...
I'm sorry, who's Benkler?!
I'm sure I can kick his ass whoever he is.. :-)
Posted by: Jason | July 27, 2006 at 06:03 PM
Congratulations on your little carbon based link to eterrnity!
Enjoy the moment. Post cute baby pictures. Let your mind turn to mush for a while. (Thats what parenthood is all about.)
Posted by: kelley Bell | July 28, 2006 at 06:28 AM