Tuesday, 24 March 2015

Relevant link of today: Contribution in FAZ about revolutions in the digital economy

There was a very interesting contribution from Shoshana Zuboff in yesterday's FAZ, one of Germany's leading daily newspapers. The article is called Die Vorteile der Nachzügler and encourages Europe to learn from negative results in North America and thus make best use of Europe's situation of lacking behind in some developments. Zuboff takes the theory and thinking of Schumpeter as her reference point and relates it to the current trends in the digital economy. Her main point is that there needs to be a clear balance between the interests of the customer and the new service or technology offered. And that this is often not the case when newcomers overrun the market with their offerings.

It is still available in the online edition of the FAZ and definitely worth reading. The English original called Disruptions Tragic Flaw is also available online.

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