The Internet RevolutionI already explained what happened to newspapers when distribution erased local newspapers moats in the blink of an eye; as I suggested at the beginning, though, this was not an isolated incident but a sign of what was to come. Back in July I laid out how the acquisition of Dollar Shaving Club suggested the same process was ha... See more

The Internet changes all of that: now articles and videos are simply digital bits, easily created and easily transmitted anywhere on the globe, effectively for free. Physical goods still need to be made, but they can be sold to anyone by anyone, and shelf space has been replaced by the commoditized cardboard box.

what do I say? That the internet is to the USA what the Americas once were to the UK—a frontier territory, where all the action is. That just as the Western frontier once gave rise to an American pioneer class, the internet frontier has given rise to a global technology class. That this class is not defined by inherited wealth (many are born poor i

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