Doug Casey on The Future of Corporate Media and Small Business
Posted on March 3, 2011 | Tags: broadcast tv, offline pr, online pr
“The Greater Depression is just going to be a period of readjustment on the way up.” Doug Casey
This post excerpts paragraphs in random order from an interview with NY Times best-selling author Doug Casey on March 2, 2011 in his free e-newsletter. My first PR firm worked with Doug’s publisher on his last book and I’ve remained an avid reader of his since. Doug is founder of Casey Research, is a financial newsletter writer, speaker, and world traveler and investor. His world-view of the economy, finance and politics derives from personal experience with nearly every region on the globe. Click HERE to subscribe.
The Future of Corporate Media
“Big broadcast TV is disappearing too, for the same reasons we’ve been discussing. When some kid with a webcam in Egypt, Libya, or even Belarus, can produce a live documentary that’s more riveting and costs nothing compared to professional TV news coverage, you know that the business model of major news networks is on its way out. Anyway, kids today don’t watch TV, where you just absorb what you’re fed. They watch a million channels on YouTube, and get what they individually want and need on millions of websites. Broadcast, network, TV – with its arrogant executives, and feather-bedding union workers – is on its way out.”
Small Business vs. Politically-Connected Corporate Giants
“In a true free-market society you could only get big by making a product the consumers love. In a fascist society you get big through political favors.”
“The world is changing. Trying to use the coercive power of the state to maintain the status quo is a doomed effort. It’s like trying to carry water in your hands for an entire marathon.”
“Small, swift, new competitors are going to devour the big old dinosaurs, like a school of piranhas – and any new business that gets too big and bureaucratic, as well. The whole world is in the early stages of downsizing.”
After the Greater Depression – aka After The World Economy Resets
“The good news is that the post-industrial world will be one of true marvels. Bringing production down to the individual level, at very low cost, will create the most prosperous society the world has ever seen. The same forces are advancing medicine, and that will make our descendants the healthiest and most long-lived people the world has ever seen. And the individual nature of value creation should make it the freest culture the world has ever seen. That’s why I’m an optimist; I’m looking forward to a true renaissance, a golden age.”
‘You can’t regiment and standardize creativity. And there is no such thing as “job security,” which was always a stupid and parasitic notion. Your job is secure as long as you’re productive and creative – and your company is profitable.”
Want more? Click HERE to subscribe to Doug’s free e-newsletter. (For more information on the Greater Depression, read the best-selling book “Aftershock,” or an interview with Doug Casey from June 2010.)
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