9 Rishab Aiyer Ghosh, 1995. "The age of information, or of illusion?", Electric Dreams, #68 (7 August), at http://dxm.org/dreams/dreams68.html
10 Rishab Aiyer Ghosh, 1995. "When the world moves too fast", Electric Dreams, #77 (30 October), at http://dxm.org/dreams/dreams77.html
11 Rishab Aiyer Ghosh, 1995. "Trade reborn through diversity", Electric Dreams, #65 (10 July), at http://dxm.org/dreams/dreams65.html
12 Rishab Aiyer Ghosh, 1995. "Traders and originators", Electric Dreams, #64 (3 July), at http://dxm.org/dreams/dreams64.html


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From John Browning:

I am not sure that there is as much of a tension as appears at first glance.

Quick exchanges do not preclude lots of investment in information. That I can pull a specific article I need from an encyclopedia, just when I need it, does not make the encyclopedia any less comprehensive. Nor does it preclude the opportunity to read the whole thing when I want to.

On the contrary, it takes a great deal of preparation to make quick exchanges meaningful. There is a shared knowledge that enables people to communicate in the first place. There is also the experience that enables people to work at that speed.

Kind of like the old joke about <insert name of famous painter here>. A wealthy business man approaches <famous painter> for a pastel portrait of his daughter. The daughter arrives, sits and, woosh, in 15 minutes a beautiful sketch appears.

"That will be $15,000, please", says the painter.

"$15,000!", says the businessman, "That's outrageous! It only took you 15 minutes"."

"Yes," replies the painter, "but it took me 20 years to learn how to do that in 15 minutes."


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