Law Students

Digital Haves and Have Nots?

Link: Tribune Company Files Bankruptcy. OK, perhaps there are any number of reasons why this happened, and not just the death spiral of its newspaper holdings, but I suspect that this is a harbinger of things to come. The brave new digital world will continue to wreak havoc on all that has come before it--call it economics 101.

Why? Because we are at an economic inflection point that is more profound than the change brought on by the industrial revolution. There is both a new business grammar and a new economic grammar that is developing in real time at a pace that is difficult to grasp because it is extremely chaotic (i.e. turbulent) and it is unlike anything we have experienced before--therefore we have no solid point of reference.

The rules are being written as we speak. Those that grok the new grammar (i.e. the "Digital Haves") will have a significant competitive advantage over those that don't (the "Digital Have Nots"). Here's another clue that we are at an inflection point, you just can't throw money at this problem. It is a question of literacy. No amount of money can teach anyone a foreign language in a day.

Full post as published by LawTechTV on December 09, 2008 (boomark / email).