GalleyCat
 
Receive mediabistro.com's Daily GalleyCat Feed via email


Daily Media Newsfeed Click here to receive mediabistro.com's Daily Media Newsfeed via email.

Thursday, Oct 23

Is Web 2.0 Our Economy's Biggest Victim?

latfobpanel.jpgRemember back in 2007, when we were drafted to debate the virtues of the Internet with Andrew Keen, the man who claimed that amateurs making their own media and distributing it online for free were going to destroy the "real media," and probably take the economy down with it? He's back—well, okay, it's not like he ever went away; we just got distracted by shiny YouTube videos and never looked back—and now he tells us the ongoing economic crisis will make amateurism unattractive. "The altruistic ideal of giving away one's labor for free appeared credible in the fat summer of the Web 2.0 boom when social-media startups hung from trees, Facebook was valued at $15 billion, and VCs queued up to fund revenue-less 'businesses' like Twitter," Keen argues:

"But as we contemplate the world post-bailout, when economic reality once again bites, only Silicon Valley's wealthiest technologists can even consider the luxury of donating their labor to the latest fashionable, online, open-source project... The hungry and cold unemployed masses aren't going to continue giving away their intellectual labor on the Internet in the speculative hope that they might get some 'back end' revenue. 'Free' doesn’t fill anyone's belly; it doesn't warm anyone up."

The only problem with this theory is that the vast majority of online content isn't created by people planning to get rich, but by people who want to take part in affinity-based communities, a vast conglomeration of more vigorously diverse (and in that sense more democratic) versions of what was known during the Enlightenment as the "Republic of Letters." And, as pointed out in a comment highlighted on TEDblog, our psychological need for community networking often trumps the bottom-line value of the marketplace. Yes, people want to get paid for working, and when they aren't getting paid to work, they will undoubtedly look for ways to resume getting paid to work. At the same time, people want to do things that bring joy and meaning to their lives, and will often do these things even when they are not immediately renumerative. Keen paints a broad, satirical image of the unemployed masses spending hours updating Wikipedia; to him, that's a joke. We suspect, though, that some people will be doing exactly that—as a way to unwind after spending hours scouring whatever job-pool websites are popular these days.

Or maybe they'll be adding new entries to their blogs, or uploading videos to their YouTube account, or geotagging all their Flickr pictures. Heck, some of them may seriously consider the possibility of getting paid to do the things that give them joy. And, yes, some people will even decide they don't have time to futz around online. The point being that this isn't a stark, simplistic scenario we're looking at here.


new on mediabistro.com

The Future of Social Media with Chris Anderson

The editor of Wired explains how to create a social network that works.
Watch the video

Email This Post

Fill out the following information and click on the Send button in order to send this post, Is Web 2.0 Our Economy's Biggest Victim?, to a friend.
Friend's name
Friend's email address
Your name
Your email address
Note to your friend (optional, max 200 Characters)

Read more on GalleyCat >

Interested in advertising on GalleyCat?

Our Blog Network

WebNewser

TVNewser

PRNewser

FishbowlNY

FishbowlDC

FishbowlLA

UnBeige

MobileContentToday

MobileMarketingToday

MobileDevicesToday

MobileAppsToday

AgencySpy

GalleyCat.com: the first word on the book publishing industry




rss-feed-icon-64x64.jpg

more feeds from mediabistro.com

Editor:
Jason Boog

Senior Editor:
Ron Hogan

galleycat-sidebar-shadow.jpg

Anonymous Tips


Favorite Posts

galleycat-sidebar-shadow2.jpg

heather-thomas-sidebar.jpg
Our Chat With Heather Thomas

jack-oconnell-sidebar.jpg
The (Long-Awaited) Return of Jack O'Connell

marya-hornbacher-sidebar.jpg
Marya Hornbacher: "No Tortured Artists Here"

stean-sagmeister-sidebar.jpg
Stefan Sagmeister: "Design for Non-Designers"


Why Does Maureen Dowd Hate Popular Women?


Links

theBookseller.com

Buzz, Balls & Hype

Danuta Kean

Eco-Libris

Publishers Marketplace

Publishers Weekly

Publishing Contrarian

Publishing For Profit

Publishing Insider

Publishing News

The Publishing Spot

Publishing Trends

PubRants

Rick Frishman

Shelf Awareness

TeleRead

Weekly Publishing Moves

The Write Report

...more...

Archives

January 2009

December 2008

November 2008

October 2008

more...


Recent

Governor Rod Blagojevich Says Goodbye with Lord Alfred Tennyson's 'Ulysses' Poem

E-Reader Application Stanza Counts One Million Downloads

John Freeman Honored at Granta Party

cats by Clipart.com, a service of Jupiterimages

Subscribe

Click here to receive the Daily Media News Feed by email.

Job Listings

Featured Listings

Marketing Manager
PARADE Publications
New York, NY

Research Assistant
non-fiction book for St. Martin's Press
Brooklyn, NY

Marketing Assistant
Routledge/Taylor & Francis Group
New York, NY

Editor
Scholastic
Palo Alto, CA

ADVERTISEMENT


mediabistro.com l Member Benefits l Jobs l Freelance Marketplace l Courses l Events l Forums l Content
mediabistro Blogs: Media News l TVNewser l GalleyCat l UnBeige l FishbowlNY l FishbowlLA l FishbowlDC l mbToolbox l PRNewser l AgencySpy l UGCX
MobileAppsToday l MobileContentToday l MobileMarketingToday l MobileDevicesToday
Site Map l Advertising/Sponsorships l Partners l About Us l Contact Us/Help

JupiterOnlineMedia

internet.comearthweb.comDevx.commediabistro.comGraphics.com

Search:

Jupitermedia Corporation has two divisions: Jupiterimages and JupiterOnlineMedia

Jupitermedia Corporate Info


Legal Notices, Licensing, Reprints, & Permissions, Privacy Policy.

Web Hosting | Newsletters | Tech Jobs | Shopping | E-mail Offers