septiembre 09, 2004

Capitalism is hard

Wikis -- and the popular Wikipedia -- is discovered by the old media:
The free Wikipedia also features a publicly authored current-events page recapping the day's top news, and it is rapidly expanding into other languages -- more than 10,000 articles have been created in each of roughly a dozen languages besides English.

Yet some worry that because it charges users nothing, this new-age reference work may siphon readership away from old-school encyclopedias and take a devastating bite out of their revenue -- without delivering the same levels of accuracy and quality.
People who are hurt by competition always start crying. Technological advances render the old ways obsolete. We don't have many cobblers anymore, because now machines make shoes. Same with coopers.

Capitalism is tough. Why don't schools teach this?