Economics
Ben Horowitz: High Tech’s New Andy Grove
If Silicon Valley is rich, how come it ain’t smart? How is it that we consistently generate innovative companies but rarely produce management thinkers of consequence? Part of the problem is that many technology leaders are neurotic. They need to be: nobody really knows what is going to work and your idea will most likely [...]
The Kindle: Dead, Deadly, and Dominant
Just before the launch of the iPad, I ventured the safe prediction that Amazon’s ebook reader, the Kindle, was kindling. It was doomed to be crushed by Apple’s reactionary, if magical, iPad. As hardware, the Kindle is history, but as software it is brilliant, with enduring advantages over Apple’s iBook. During the last four months, Amazon has [...]
Visa, Mastercard, or iPhone?
Google and Apple will soon compete with Visa and Mastercard to process your payments in stores, restaurants, and online. Both companies will be pulled into payment processing because both have built two valuable networks: one of developers who build apps, the other of consumers who buy them. But the developer network has diminishing returns, whereas [...]
Celebrating Cheap Crap from Africa
For reasons best known to her, my loving wife decided to wear a white skirt to our Fourth of July barbecue. But it was not the charred remains of salmon, beef, or tofu that did the skirt in. Before our guests had arrived, she noticed a blue stain spreading across her dress like the sky [...]
Trading With the Enemy: Smart, but Never Popular
The recent and overdue debate about the Israeli blockade of Gaza raises an old, unresolved question: does shunning our enemies work or do we do them more harm by embracing them? For me, this is not a theological or moral question, although I always loved the suggestion attributed to Mark Twain to “love your enemies — [...]
"Remember: Your Mother Owns a Bank"
The Jamkid and I caught Muhammad Yunus at the Commonwealth Club in San Francisco this afternoon. Yunus is the Bangladeshi banker who received the 2006 Nobel Peace Prize for pioneering microcredit loans to women. He also serves as the godfather of social enterpreneurship – the fashionable and laudable notion that many social causes are best organized [...]
The First Rule of Holes
California is quickly learning the first rule of holes: when you find yourself at the bottom of one, stop digging. Banks, insurance companies, and pension funds buy government bonds because they are a very safe investment. Suppose they have to choose between the bonds of: a) Mexico. The world's newest narco-state, so beloved by its citizens [...]
Holy Cow Batman! Facebook just stole our Internet!
TechCrunch just reported that Facebook has taken control of the Internet. Huh? What is the fuss about? Well, Facebook announced today a plan to reshape the Internet as profoundly as Apple is reshaping mobile computing. They today published a social software platform called the Open Graph. Founder Mark Zuckerberg called it “the most transformative thing we’ve ever done for the web”. He [...]
The Empire Strikes Back: iPhone 4.0
In one year Apple and Google have gone from allies to antagonists to epic combatants. The contest is really just beginning — and it is shaping up as a replay of the battle fought 30 years ago between Apple and Microsoft. At today's release of iPhone OS 4.0, Steve Jobs took a swipe at Amazon, Adobe, Microsoft, [...]
The People's Republic of Apple
Apple, Google, and Microsoft are the three most important technology companies in the world and they now mirror the world's three most important economies. Apple is China, booming but autocratic. Microsoft is Europe, wealthy, stagnant, and declining. Google is the USA, an immature but powerful force for freedom prone to arrogance and to fighting too many wars at [...]
How Amazon Can Compete with Apple
At the moment, Amazon's best selling Kindle is the king of the eBook readers. But the impending launch of Apple's iPad means that unless Amazon changes its direction and its mindset, the Kindle is kindling. Amazon CEO Jeff Bezos has a tough habit to break. It started when he built the Kindle and he deliberately [...]
The Elephant in the Room on Health Care
Today is Obama's health care summit, and there is an elephant in the room. To find it, start by identifying which of the following health care plans is or was sponsored by a Republican? a) A 1996 plan to cover every American b) A 1992 plan to cover 30 out of 35 million uninsured Americans c) A [...]
Why the iPad Matters — even if you are already sick of it.
The PR was stunning, the product impressive, and the strategy tiresome. Apple stoked rumors of a dreamy tablet for either two years old or thirteen, depending on how you count. For six months, the leading tech blogs have been quivering with speculation about the "Jesus tablet". One blog, Gizmodo, offered $100,000 cash for an hour [...]
Health Care: simple, basic, fully financed
Martha Coakley's unwelcome but richly-deserved loss of the Democratic Senate seat held by Ted Kennedy has recast the debate over health care reform. Many Democratic Senators from states less blue than Massachusetts are recalibrating their commitment to the current bill. If he wants a bill he can proudly sign, Obama needs to focus the Congress [...]
Atul Gawande: America's Doctor
Who is Atul Gawande and why is he having a bigger impact on your life than any physician in America who is not treating you?Gawwande is a cancer surgeon in Boston. A Rhodes Scholar and the recipient of a MacArthur "genius grant", he trained at Harvard, and Stanford and grabbed a Masters in Public Health [...]
The Great Sell-out.
It's Oaklandish — the great liberal caterwauling about the death of the public option and the claims that Obama has sold out to big insurance and pharma. To humiliate a liberal, film this stuff and replay it in ten years.If this is a sell-out, count me a buyer. Last night's Senate deal killed Harry Reid's [...]
The Death of the Desktop?
Google today revealed details of its operating system: Chrome OS. There is a reason that they named their operating system after their browser: their operating system IS a browser. Your computer boots in seconds and up comes a browser. Take more than a cursory look at Chrome OS and you realize that Google is offering [...]
Solar Power
There is a natural and healthy tension between politics and markets. The tension is the difference between socially oriented citizens who are often unfamiliar with business and in any case favor the strong, visible hand of government protection and their commercially-oriented brethren who prefer the invisible hand of market competition and generally view government as [...]
The Apple Squeeze
Have your noticed that Apple is getting squeezed? Consider these recent developments: 1. With Windows 7, Microsoft has substantially closed the performance gap with the Mac OS, thus quietly removing the major reason to switch to a Mac. Both professional reviews and personal experience confirm that with Windows 7, Microsoft got it right. In a [...]
"Dream bicycles that change and grow"
One of my favorite cycling blogs, Eco Velo, ran this photo some time back. I am slightly obsessed with bicycles and business, so I noticed not just four sweet rides, but a nice illustration about how competition and business innovation are changing even the bike business. THE ROMANCE OF BICYCLES Most bikes sold in most [...]
