Thursday, November 23, 2017

Money in Software

Money was a central component of Capitalism - money is Capital, and Capitalism put it to work, making more Capital.

This was the great discovery of Industrialization - that wealth can be created, and more and more of it all the time!

It didn't turn out to be quite this simple - all this wealth was unevenly distributed, and this created serious social and environmental problems. But Big Money (and Big Organizations) were so powerful, these objections were pushed aside - as something that could be dealt with later.

Then came the Computer, that was operated by Software - using its networks, the Internet and Wireless. And everything changed.

Wealth was still being created - but a different kind of wealth - powerful new ways of doing things - almost anything! This might require Big Money - or might not.

Software companies were still being organized, and needed plenty of money to get going. But the most successful ones were based on simple ideas, and needed little money. Google, for example, was based on a new Search algorithm - that made it wealthy overnight. And it used this money to create more apps, such as the Chrome browser - that made more users become part of its ecosystem.

Software attracted Money, and lots of it - because this is where money was being made the fastest. But to join this parade - you had to understand it. And very few people (and almost no companies) were capable of this.

Software had discovered a new world - and this discovery was as important as the discovery of the Western Hemisphere (filled with strange new people) in the 17th Century.

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