The internet arrived at a time when we gained social clout from arbitraging information, so our first instinct was to share…
The internet arrived at a time when we gained social clout from arbitraging information, so our first instinct was to share information online. Perhaps we are now entering an era of information hoarding. This may mean that, for a while, the most interesting developments will happen somewhere off the grid. But over time, this practice will restore some value to art and cultural exploration, and bring back opportunities for tastemaking. Whatever the case, we first must recognize the role that arbitrage played in preventing our culture from growing stale while literally making us friends along the way. Winning respect by sharing video-game cheat codes may be a thing of the past, but we need to promote new methods for innovators and mediators to move the culture—otherwise it may not move much at all.
The Diminishing Returns of Having Good Taste