The Economy of Abundance

One of the signs of a good thought leader is the continuous development and refinement of key ideas. Chris Anderson of course has brought us The Long Tail, which has helped many refine and understand their thinking of how the internet economy works. It was also fascinating how Chris Anderson developed his ideas 'live' through a powerful combination of presenting the ideas to live audiences + 'presenting them' via his blog and getting feed-back before final publication. If you missed that fascinating process, it's going to start again.

Anderson is developing a new concept: The Economy of Abundance. Here are the esssential ideas, I believe:

1. Advances in technology mean the cost of stuff such as storage and bandwith are plummeting.
2. If such elements are ABUNDANT, then offer them for free.
3. So don't do one thing, do it all.
4. Do everything and only stop if it doesn't work.

An example: YouTube. Offer everything and allow us to choose.

I know-you have loads of questions and you believe it's too simplistic and.....I know. Follow the arguement on his site and see how an idea is refined.

It's not at all robust yet: but in 12 months time it will be. And in 20 month's time it will be a book.