Comments on: Viral Capitalism supplants Viral Consumerism

By: knowledge management

knowledge management — Tue, 22 Sep 2009 05:54:20 +0000

I am not the person of the field related to the topic so I can give hard comment. But I can say form general knowledge that the trend you willing to start can affect negatively. Might be I am wrong but I think so.

By: Kathryn

Kathryn — Wed, 11 Feb 2009 15:52:07 +0000

Thank you for your reply to my post. I worked in manufacturing for a while and got to really understand material goods. Yes I think it stymies the economy and creates artificial curves. Its difficult to see how much inventory is in the process and what the actual value of that inventory is. Artificial price increases without the increase in value (think about the “bulb bubble” of the 1600’s. People hoarding and holding and POP the value drops out.(http://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp)

I am consoled by thinking that the market ultimately has its revenge on greed.

By: Larson

Larson — Thu, 05 Feb 2009 17:59:51 +0000

Interesting post!

I don’t think that I know enough about viral commerce to comment on that aspect, but you make a thought-provoking point about “buying and selling without the use.”

What is the long-term effect of buying and selling without use? Do you think that this “buying and selling without use” (i.e. large-scale debt trading?) trend has contributed to the current condition of the banking industry?

I would argue that it definitely stymies the economy. With no transformation, the incentive to consume is decreased as multiple transactions raise costs. I am not an economist, but I think that this trend has negative implications for the economy because it creates artificial supply and demand curves that have higher levels of variance than ‘natural’ curves.

Then again, maybe our economy needs some element of buying and selling without the use.