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- THE FRIDAY LETTER -
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from Gilder Publishing,
for friends and subscribers)
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| http://www.gilder.com/ | Issue 305.0/August 10,
2007
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HEADLINES:
- The
Week / The vast majority of culture is worthless; what's new about that?
- Friday Feature / Steve Forbes: We can "solve" the health care financing
crisis
- Friday Blogger Bonus / George Gilder on Entrepreneurial Creativity
- Readings /
|
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The
Week /
The vast majority of culture is worthless;
what's new about
that? – George Gilder
David Needle, “Web 2.0: 'Generally Worthless'” (8/3/07):
Controversial author Andrew Keen participated in a panel discussion before
a roomful of Web entrepreneurs, executives and online media types in the
wrap-up session of the AlwaysOn conference here. If that wasn't enough, a giant
screen onstage projected bloggers' snide comments on the proceedings in real
time. Keen, author of The Cult of The Amateur: How Today's Internet is
Killing Our Culture, stuck to his guns in a spirited debate with the
equally iconoclastic tech analyst George Gilder.
Keen
didn't waste any time declaring most so-called Web 2.0 content to be extremely
poor and hard to monetize. "The vast majority of Web video is
un-watchable, the content unreadable and generally worthless," said Keen.
But
Gilder had his own point to make: "The vast majority of culture is
worthless; what's new about that?" he asked, noting that there's still
plenty of quality content to be found on the Web. While he praised Keen's book
as having "a lot of truth" and worth reading, he said it's "a
barren and limited vision of what the Net has to offer."
In
his own damning-with-faint-praise concession, Keen said he didn't mean to say
there wasn't anything on the Web worth viewing or reading….
http://www.internetnews.com/xSP/article.php/3692651
View the complete AlwaysOn “The Democratization of Media: Good or Bad?”
panel discussion: http://alwayson.goingon.com/page/display/15568?param=session/123
|
Gilder/Forbes
Telecosm 2007 CONFERENCE Register at a discounted rate online today: |
Friday Feature / We can "solve"
the health care financing crisis
Steve Forbes, Forbes.com “Fact and Comment” (8/13/07): A fast-growing phenomenon ― "medical
tourism," which will be a $40 billion industry by 2010 ― is showing
how we can "solve" the health care financing crisis.
More and more Americans are choosing to go abroad for elective and/or major surgeries. What entrepreneurs began more than a decade ago by constructing world-class facilities to lure patients from the U.S. and around the world into traveling for cosmetic surgery has now blossomed into freshly built foreign hospitals offering a wide array of other types of medical procedures. India, Thailand and Singapore are among the countries heavily involved. Panama and others are just entering this arena.
The hospitals and physicians are usually first-rate and, amazingly, can provide operations at 10% to 30% of the cost in the U.S. For instance, knee replacement surgery that might cost $16,000 here can be done for $4,500 in a top-tier (by U.S. standards) Indian hospital. Dr. John Helfrick, president of the International Society for Quality in Health Care, and Dr. Robert Crone, CEO and president of Harvard Medical International, tell of one dramatic example: A patient was in need of complicated heart surgery. His hospital said the cost would be $200,000 and wanted $100,000 up front. The patient's son, a medical student, knew of the medical tourism industry and arranged for his father to have the operation overseas. The complicated surgery was a success. The cost: $6,700.
How
is this possible? Excellent hospitals can be built overseas without the
bureaucratic red tape found in the U.S. …. http://members.forbes.com/forbes/2007/0813/021.html
Hear Steve
speak at Gilder/Forbes Telecosm 2007, October 16 – 18, at The Sagamore Resort in Lake George, New York. Register online today: http://www.telecosmconference.com/
|
The Gilder
Telecosm Forum |
Friday Blogger Bonus / George Gilder on Entrepreneurial Creativity
George Gilder, AlwaysOn Stanford Summit (8/2/07): In between the concept and
the concrete is entrepreneurial creativity. Economists don’t understand the
process at all. It’s amazing that you read all the leading economic theories
and the entrepreneurs’ creativity is entirely missing ….
View George’s “Out of the Lab and Into the
Market” AlwayOn session:
http://alwayson.goingon.com/page/display/15568?param=session/122
__________________________________________
Readings /
A chip-based Quantum Computer
http://www.spectrum.ieee.org/aug07/5378
The YouTubing of Games
http://www.spectrum.ieee.org/aug07/5410
Apple's Mighty Metal Mac
http://www.forbes.com/technology/2007/08/07/apple-jobs-imac-tech-cx_bc_0807apple.html
Sun
Microsystems Announces Faster Chip
http://www.nytimes.com/2007/08/07/technology/07chip.html
Hacking Capitalism
http://www.forbes.com/technology/2007/08/03/banks-fix-security-tech-ebiz-cx_ag_0803techbank.html
Gmail
Going Huge: 9000MB+
http://mashable.com/2007/08/09/gmail-going-huge-9000mb/
Sprint
Nextel Profit Is Down, but Subscriber Growth Is Up
http://www.nytimes.com/2007/08/09/business/09sprint.html?_r=1&ref=technology&oref=slogin
The Weekly GTI
http://www.gtindex.com/
__________________________________________
FRIDAY LETTER STAFF
Editor: Mary Collins George / mcollins@gilder.com
Research: Sandy Fleischmann / sfleischmann@gilder.com
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