221 posts tagged Technology
Just a little op-ed on black market knock-offs and the fluid nature of technology:
“More than half the workers of the world do business in the informal, or shadow, economy—selling legal products in a quasi-legal way, or, like the owner of that New York liquor store, selling quasi-legal products in a legal way—and their work is worth more than USD 10 trillion each year. For much of the planet, the global informal economy has become a dynamic and mobile network of ingenuity involving every type of business; from street merchants to mega-corporations…This chain also includes a technological feedback loop. For instance, Chinese firms have started producing phones that fit two SIM cards simultaneously because African customers ask for them.”
an interesting read on the adaptation of technology and economy.
Thanks for the submission Michael