IT, YouTube and the wealth gap

Rough Type by Nick Carr | Feb. 9, 2007 (Opinion)

Hurley and Chen came by their windfall fair and square. They built a better mousetrap. But there's a bigger picture here, too. It's worth keeping the YouTube phenomenon in mind when reading a speech that Fed Chairman Ben Bernanke gave earlier this week in Omaha. The speech, called The Level and Distribution of Economic Well-Being, examined the ever widening gulf between America's rich and everyone else, a worrying trend that Bernanke's predecessor, Alan ... Full Story »

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by Marty Heyman - Oct. 1, 2008

This is an online piece that could and probably should have been quite a bit longer. The writer makes several points in sequence and needed to more fully explain the transitions and linkages. Getting from Google's extraordinary evaluation of YouTube to the hollowing out of US IT by globalization via the Fed is quite a series of leaps that are strung together as if linked but the links are not really fleshed out. This piece begs discussion of several topics not mentioned by implied (the impact of capital/finanical pressures in mergers and acquisistions, subsidies and externalities involved in outsourcing, etc.). However, it is an interesting and useful piece.

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