Web Capitalism 2.0

I came across this at Andrew Keen’s The Great Seduction. I sometimes disagree with Andrew but I think his analysis of web-capitalism (summed up here) is pretty accurate:

For all the glib pieties about the “democratization” of media, the truth about the Web 2.0 economy is that it’s anything but democratic. That vast sucking sound you can hear is Google, YouTube et al gobbling up obscene amounts of wealth from the rest of the media business.

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