The world is flat

I believe that globalization is one of the most influential aspects of modern business. The amount of information sharing that was discussed in class was mind numbing. With so many countries ahead of the United States when it comes to accepting outside technology and influences, it leads one to question it's true authority. The flatter the market becomes, and the quicker it becomes flat, the United States must push for new niche markets, and leave behind those countries that surpass us. If we stay focused on what industries are dying, instead of looking for new markets that are untapped, American financial foundation will be demolished.
We need to focus on what Americans are best at, innovation and a culture that reinforces corporations and their freedom.

The Long Tail

The aspect of the new marketplace is a curious one. What we covered in our last class regarding the continuous leveling out of popularity of products seems counter intuitive to me. I would think that the popularity of the majority of products would be eventually diminished to zero. How can there remain a product popularity for a completely outdated product. For example the popularity of 8Track tapes has been consistently reduced down to almost zero, and will arguably continue to decline due to the constant advancement of music technology.
The other topic discussed on the same day was the idea of the business world being flat. This makes sense. Due to the constant increase in IT communication and knowledge is constantly being spread, creating a more informed buyer, and no acceptance of the word scarcity.