Interesting review of a new book by Moises Naim called The End of Power in the Wall Street Journal. The vast rise of powerful technological tools that are available with virtually no capital expenditure up front means that it has become a phenomenal time to be a challenger and a difficult time to be an incumbent. In anything. The old “barriers to entry” notion becomes a rara avis in all but a few areas and endeavors.
I also call this the “ankle-biter economy.”
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