“The Speculator and the Prostitute”

Posted by shields on July 3, 2009 at 9:00 am.

There are two categories that events/actions fall in: scalable and nonscalable.  Whether it is the small town musician before the advent of the sound recording, or the local storyteller before the advent of the printing press – scalability destroys the notion of an equal share.  A small number of people have a disproportionate amount of power and influence.

The nonscalable economy can only produce “more” with more time, while  the scalable economy can produce “more” with the click of a button.  The author does not have to rewrite his or her novel every time a copy is sold – the investment up front is on hopes of a larger payoff in the end.  The scalable economy is therefore quite succeptible to the Black Swan – it is based on the notion that the future is predictable.  This is true until an event occurs outside the bell curve – disturbing the normative condition.

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