Jeff Bezos: The electricity metaphor
http://www.ted.com The dot-com boom and bust is often compared to the Gold Rush. But Amazon.com founder Jeff Bezos says its more like the early days of the electric industry. TEDTalks is...
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When you think about resilience and technology it's actually much easier. You're going to see some other speakers today, I already know, who are going to talk about breaking-bones stuff, and, of course, with technology it never is. So it's very easy, comparatively speaking, to be resilient. I think that, if we look at what happened on the Internet, with such an incredible last half a dozen years, that it's hard to even get the right analogy for it. A lot of how we decide, how we're supposed to react to things and what we're supposed to expect about the future depends on how we bucket things and how we categorize them. And so I think the tempting analogy for the boom-bust that we just went through with the Internet is a gold rush. It...
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When you think about resilience and technology it's actually much easier. You're going to see some other speakers today, I already know, who are going to talk about breaking-bones stuff, and, of course, with technology it never is. So it's very easy, comparatively speaking, to be resilient. I think that, if we look at what happened on the Internet, with such an incredible last half a dozen years, that it's hard to even get the right analogy for it. A lot of how we decide, how we're supposed to react to things and what we're supposed to expect about the future depends on how we bucket things and how we categorize them. And so I think the tempting analogy for the boom-bust that we just went through with the Internet is a gold rush. It...
