Government 2.0 and the End of the Shadow Economy

One of the most hotly debated economic issues at present is the seemingly low growth of productivity, despite the accelerated technological progress that is taking place before our eyes. Some attribute it to a measurement error, as productivity statistics fail to fully capture the impact of new technologies. This happens both because production is underestimated … Continued

Disintermediation: disruptor or disrupted

Why would a client pay for intermediation that adds no extra value to a final product? In 1985, Michael Porter described in his book “Competitive Advantage: Creating and Sustaining Superior Performance” that a consumer was willing to pay a margin for a product whose final price would be higher than the mere sum of the … Continued