http://bloggingheads.tv/diavlogs/10353
Will Wilkinson and Clay Shirky mention many of the issues which I have been thinking about recently, starting with Ronald Coase’s Theory of the Firm, and discussing the relevance of arbitrary, coincidental technological limitations to the nature of mass culture and political organization. (Instance of internet-mediated mass action: students in the UK fighting a HSBC checking account fee increase through Facebook.) Shirky observes the web2.0 technology seems to be bad at filtering for mid-sized groups, as opposed to individuals and big groups. Also, there is a discussion about the supposed impossibility of wikipedia, some nupedia history, and the encroachment of passion-based effort into what were traditionally purely monetarily motivated activities.
HT: EconLog