Political Definitions Are Changing

[Martin Hash]

The Internet lowers the returns to distributing facts, while social media increases the returns to distributing signaling goods.

While institutions selling access to facts (newspapers, mags, TV news, etc) have lost their business models, the model for distributing opinions and signaling goods is booming.

I bet your facebook feed right now is at least half virtual signaling goods -- political, religious, and tribal affiliations.

Very nice. Is that an original insight?

[apeman]

The Internet lowers the returns to distributing facts, while social media increases the returns to distributing signaling goods.

While institutions selling access to facts (newspapers, mags, TV news, etc) have lost their business models, the model for distributing opinions and signaling goods is booming.

I bet your facebook feed right now is at least half virtual signaling goods -- political, religious, and tribal affiliations.

Very nice. Is that an original insight?

Sadly, none of my insights are original.

[Martin Hash]

The Internet lowers the returns to distributing facts, while social media increases the returns to distributing signaling goods.

While institutions selling access to facts (newspapers, mags, TV news, etc) have lost their business models, the model for distributing opinions and signaling goods is booming.

I bet your facebook feed right now is at least half virtual signaling goods -- political, religious, and tribal affiliations.

Very nice. Is that an original insight?

Sadly, none of my insights are original.

Hey, great first step in paraphrasing. I'm definitely integrating it into my General Theory.