Google takes the FTC to school « BuzzMachine:
“The large profit margins newspapers enjoyed in the past were built on an artificial scarcity: Limited choice for advertisers as well as readers. With the Internet, that scarcity has been taken away and replaced by abundance. No policy proposal will be able to restore newspaper revenues to what they were before the emergence of online news. It is not a question of analog dollars versus digital dimes, but rather a realistic assessment of how to make money in a world of abundant competitors and consumer choice.”
I’m not always sure if I agree with Jeff Jarvis, but he makes some excellent points here again. Whether it’s the news papers or the RIAA, old school business models built on bleeding it’s consumer due to some fabricated scarcity is very much 20th century and has no real place in today abundance markets.
