The Negatives of Social Networking Media

All the world is a Buzz about Facebook & Twitter these days. It’s almost like MySpace circa 2007, Google circa 2003 or Microsoft circa 1998. I don’t doubt the success, innovation or long-term viability of these social networking sites but I have seen that there are flaws in the system that mean that things won’t be perfect with the business along the way and we’re in for a bumpy road. Basically my point is that for all these sites give us in entertainment, social connections and opportunity they also have some negatives that are almost the equal and opposite pendulum action.

1. Time Suck – all social networking sites are using your time that you used to devote to other things. Maybe in some cases this is actually a better use of your time (instead of TV) but in most cases its time spent that you used to use for researching new information for work projects,  time actually spent talking with people in person (family/friends) or time spent doing things that really need to be done at work or home. Once the brain gets trained that you can go socialize instead of work at those times of day it’s a habit extremely hard to break. For all of us procrastinators looking for instant gratification its a real problem keeping up with work and affects the overall productivity of companies and the country as a whole. Internet access is much more prevalent and has far more users during the business day than it does at night, so there’s the proof. Unless your job is trolling these sites for sales prospects by “connecting” and making “relationships” with your customers, its a waste of time to spend more than 15 min a day.

2. Privacy – Of all the details analyzed about consumer privacy online (on Facebook) in the last few weeks the most suprising thing I’ve seen is that people really don’t care about their information online. Sure, nobody is going to post a ss number or cc number on their profile (duh) but they don’t really seem to realize the power of logging all their social interactions in one database and selling access to retailers and cpg companies who have even larger databases of information to analyze and strategize with. Is it really as fun when most of your friends are companies selling you things all the time? Twitter already has morphed into the largest opt in direct marketing platform I’ve ever seen. If people keep using it at this rate it will surpass email. The other obvious issues come with the work life balance thing and when people friend work makes and think nobody will see them rant about work or post drunk pictures on a sick day, but then again I’ve heard that its just people naturally selecting themselves out of the working pool.

3. Logic – the other issues I’ve seen coming for a while have to do with how everything that is built from large databases online with lots of consumer data seems to not work properly. There is always some algorithm developed by a science tech guy based on some theoretical calculus and it doesn’t provide relevant results. Which brings me to a repeating theme of data right now: we don’t really know what to do with it yet. Nobody knows enough real info about their customers to target them. (who has a budget for that?) And the database people just like to say they improved things a statistically insignificant amount with an algorithm tweak. The marketing strategy/process should always start with offline real life information about people and products and then develop an algorithm to show you information in that way. I don’t know why it’s always done backwards but it will keep our results irrelevant and marketing dollars wasted for a long time to come.

Why I dislike Large Blogs

I love blogs. I have been blogging since 2002 when my friend Mugsy emailed me and told me to sign up for LiveJournal. A lot has changed about blogging since then, but the revolutionary idea that if you can type, you can publish easily in a word-processing-like interface on the internet has not. The method of blogging to share knowledge by and for non-programming type people is still spreading to the corners of the globe and helping people’s voices be heard in ways we never thought possible.

At the same time I am growing more frustrated with the technorati and the overload of emails, posts, rss feeds and spam arriving on my accounts daily. I am trying my best to stay on top of the active topics in  the  user generated content world as it has forked into many roads that include blogging, social networking, social ads, microblogging and a whole host of a million little startups with other concepts they want to share with the world. (more than can be kept up with or can survive even if they do all innovate)

I have had to scale back my online content consumption several times over the years when it was in danger of taking over my life and all my time. But lately this getting married thing has taken a large chunk of time out of my life too, (even after the wedding) and as a result I am trying to glean all my updates and news knowledge into smaller and smaller bits of time. (apparently being married means I have to do work around the house and spend a lot of time trying to motivate my husband to stop watching hours of TV and do things around the house. Life just got more complicated and we have to learn how to cook, fix things, do laundry and empty the cat-poop-box with much larger quantities now). My work is also very busy (analytics and metrics seem to go nuts in recessions) and no spare time is to be had anywhere in the schedule.

Therefore, I have gone through many iterations of un-subscribe weeks in my email boxes and cut back drastically on email newsletters, of which once I found very enlightening. Most marketing/advertising/analytics/metrics/SEO/SEM email newsletters  these days aren’t as willing to share any real actionable info without you spending a lot of $ so out they go.

I tried to update myself by trying an RSS reader again (3rd try) and I think its been a few months but I am overwhelmed by that too. Its way to easy to get more than 1,000 unread items in the reader and when it doesn’t tell me the exact number anymore I am less motivated to tackle it because it seems impossible.

I have found Google Reader to be good for sunday afternoon fun feed reading and more personal fun  topics/blogs though. Home design is a great topic in the reader since you really have to see it all to learn.

On the other hand I am re-subscribing to some email newsletters and just un-subscribing altogether to others who insist on posting 30-50 items per day! (assholes!) How is one person supposed to read that many posts per blog per day? It’s impossible and on some level, rude.

I know why they do this. It is partially a play to keep new items being published every few hours to keep the Internet addicts coming back for more traffic and it is also a play for search engine dominance by having more content in the engine for every possible term than anyone else. These teams of writers churn out mostly regurgitated posts about content repurposed from other blogs without much new insight. Some do deliver genuine news and content you can use but scanning through 50 posts is way slower than scanning 5 emails. The content and pics seem to load soooo sloooowly and an email you read, scan and go to what you want quickly. Big offenders of this are ReadWriteWeb (on volume and not separating feeds), Silicon Valley Insider (regurgitating and trying to predict the future even though they’re usually wrong), SEO Roundtable, Apartment Therapy (OMG, holy re-post everyone elses content and fill up with summary posts daily to waste everyones time, generate page views and sell ads), Jalopnik (jebus stop showing us every detail of the 24 hours of Lemons in every city across the country and asking us what our favorite imaginary dream car in a movie with Bruce Willis: waste of space, use summary feeds please! On a cable bandwidth line it takes forever to load all these damn images!) and Media Post (phhbbtt). ALL THESE BLOGS have been banned from my RSS Reader. Some have been demoted to email updates but others are just gone.

Also, I’m not programmed to think to go see my rss feeds yet either so I often forget about them for several days after a good several hour scanning session finally getting the numbers down to below 200 new items. then I return the next time to see 1,000+ again and feel defeated. In contrast I have OCD about keeping a clean email box, and completely forget about facebook until I am completely bored. I guess that is a sign of my age bracket. (34)

I wish that this spammy fluf put out there to fill space could be eliminated. I also wish that these blogs would split their feeds into sections so you would be able to just get the posts you were interested in. Like if new original content and re-purposed other people’s content were separated in 2 feeds, it would be a big help.

I would also recommend that they stop doing summary posts. They piss me off. I wait a minute or 2 for something to load in the darn reader only to see its the same posts from the local editions of the same blog.  Poo, if that happens 15 times in a day I could have spent that time sleeping and then I’m annoyed. 

These blogs also do this because they are in some get-rich-quick rush to make money as a profitable business before Google figures it out and bans them or something. Yes, blogs have an elitism to them that says, duh, if I can make a slice of the money publishing from what the Tribune used to, I am going to do this as fast and as hard as I can. And it over saturates the web with watered down content that is just filler mostly, even if it does increase ad impressions and some adsense revenue if you’re into web-welfare payments.

I also would like to recommend that if you want to start a blog you keep the posts to no more than 2-3 a day and resist the urge to just regurgitate other people’s posts and link to them saying how great they are. Research things you are really interested in and share your own unique experiences. Any web-bot can be an aggregator, what we need more of is real people sharing experiences and knowledge to make social media stick and not die out because of spam/splogs and info-overload. It is these people who become trusted advisors and get the visitors who come back again and again.

And this is also better for the rest of us who have to go clean the cat-poop-box and have a life offline now that they are married.

Update 10/29/09

http://scobleizer.posterous.com/why-i-dont-use-google-reader-anymore

I guess Robert Scoble agrees with me to a point, though he blames Google Reader for a bad format and experience and not the blog owners for copious amounts of useless content hiding the good stuff. I guess there is always room for improvement and certain people discover it before others depending on how they use the info/product.

Update 11/5/09

How much content is too much content? Read Write Web chronicles these mega content sites and their race to populate the web all by themselves by posting 200+ posts per day. We should call it the Answers.com business model.

http://www.readwriteweb.com/archives/the_age_of_mega_content_sites.php

New Media and New Information Paradigms

I have been hearing about the demise of the newspapers, the rise of search/social networking/new media and the internet fragmentation concept for years now. (almost a decade?) And I just read about it again today with the newspapers secretly meeting to try and sort out monetization methods to save their business. At the same time I am a Guinea pig living through this time of change/shift in how people find information, use information and consume things. Here are some of my observations although not in a concise dissertation format yet. 

  • We are at an odd time in internet evolution, on pause between big developments. We got email, IM, web sites, RSS feeds, Blogs, social networking and now Twitter. We don’t need more services or ways to interact on the web. We need better all inclusive ways to connect and consume all in one. Ways to make the experience more relevant and more inclusive of many kinds of content at the same time. Not wasting our time.
  • I can’t help but notice that at 33 I have never really “read” a newspaper. This indicates to me that newspapers were not that important back in the 1980’s to my generation when their profits were healthy and the internet was but a dream for most of us. (Except being something to line litter boxes and bird cages with.) I hate the size format, I hate the ink and I always have. I actually like the ads though, especially the Sunday fliers. 
  • Weeks go by without my watching any TV. This started about 3 years ago when I got high speed internet. It’s not that I don’t like TV, I just don’t have time to sit for 2 hours plus and I know if i sit down I won’t get up and get anything accomplished in the evening/weekend. And I don’t like overly repetitive things. I was watching the sell that house shows on HGTV to get ideas about how to sell mine and after about 3 I got it and didn’t need to watch any more. Reruns aren’t nostalgic to me really, more just boring. And reruns is all Cable TV is about.
  • The only TV I will drop everything for is Top Gear UK. When it is in Season we trek over to my parent’s house and watch wwith extended family weekly. Everybody drops everything to watch that show. It makes you laugh, it makes you dream of fancy cars and it inspires you to take grand adventures regardless of what the outcome is.
  • This leads me to a general cluelessness about a lot of local and newsworthy (?) events. Things like buses that are Hijacked and what the weather will be tomorrow. I also find that these things weren’t essential to me in the first place. I carry an umbrella, what’s the big deal?
  • I find myself focusing on things I’m interested in. Maybe this is the political polarization people speak of? I read my marketing emails/newsletters/blogs as well as home design blogs and write my own blog as well. I check status on Facebook/Twitter/Flickr and maybe update if I have something interesting to say. And I work a lot. I also am always investigating 2-3 new directions for my work/career. Not all of them pan out, but they help me figure out what is evolving that I need to know about.
  • I do still use the phone (yes the land line). It is the best way to reach my parents and Steve’s parents. Steve’s parents email but mine are not really into it. And we try and go visit once a week in person. In person time still matters.
  • I am a book reader because I am a train commuter. I have been for years now and it has created a small library of business/marketing/analysis books. I order from amazon when I see something I like and then go consult the pile of books for something new.
  • And that is all I have time for. Now with a husband (fiancee really for one more month), 3 cats, 4 litter boxes, a yard, wedding planning, condo selling, house hunting, family organizing, laundry, food shopping & cooking I am overbooked. I don’t even get to skype/call my friends very often. A party invite seems really daunting these days with the schedule we keep.
  • I wonder about new media uses and if we will really care about anything not personally relevant to us in the future? Will a police chase matter to everyone in Chicago or just the people who live by the highway where it happens? Will we be less distract-able by sensational news and distracting entertainment? Will we be able to channel the news, information and analysis we really need into our lives and ignore the products/content we really don’t care about?
  • On the other side of the coin, how will we ever discover new things? I find myself looking to find out what is happening on the internet a few times a week and look to Google News and the Yahoo home page. Not the Trib. Yet somehow the list at these sites is always limited and not really anything relevant either.
  • There has to be something in-between a completely open fire hose of information and one select rss feed with just content from one niche area. There has to be some middle ground between being hijacked by ads for 20 minutes of a 60 minute program on TV and not knowing at all where to find a dress for my rehearsal dinner when my usual 5 clothing websites didn’t pan out. (who has time to go to a mall?) ((and why does Google shopping suck when the main search is generally good??))
  • People won’t pay for news. Period. They will pay for some kind of extra relevant cool service though. They will pay for innovation, new products that are noticeably better for some reason. Things that simplify your life.
  • Ads should not be integrated more with content as if they were the content. It blurs the line in what is really true and what is marketing speak. And although they may pay the bills for a while, people will eventually figure it out and abandon that medium that does this.
  • We need another search player. Google is not enough and although they do some things well, I am not a fan of everything they create. I would like more companies to work on real time indexing of information as well as historical archiving to keep information accessible if anything happens to Google’s accessibility. At some point people will be so hooked they will be able to charge for a (low cost) subscription to the search engine itself. 
  • More people need web enabled phones with internet use active. I just read yesterday that out of 57 million people in the US with internet capable mobile phones only 18 million have internet enabled! (netpop stat comparing us to China) 31.5% of the people with internet use phones don’t even pay for internet access? (only 13% of all the cell phones total) This is a huge hurdle to making info more relevant and accessible because people carry their phones everywhere. Things like bigger screens, flatter profiles and easier software app use on these phones will help the adoption rates improve. 
  • Identity management and security is also a problem. We might like something like OpenID but only if sites still allow anonymous comments too. Privacy and being able to say something important without being hunted down in person for your opinion necessary for getting people to adopt this identity management software and make our lives easier between all the hundreds of web sites and e-commerce activities we do in a day and consolidating that information for our own personal use.   
  • Data mining is going to have to improve. If statistics are wrong 25% of the time like stated in the Numerati book, we really need to combine automated data crunching with human decisions about data more often. Numbers are meaningless without someones explanation. This completely changes what and how data is configured, crunched and reported and can determine/undermine your results even if you manage to collect it perfectly.
  • All this plus the only way out of a recession is through innovation. We’re waiting.

2009 Super Bowl Ads Commercials Selling Fast on NBC

super bowl 2009 tampa bay florida game logo XLIII

super bowl 2009 tampa bay florida game logo XLIII

It’s that time of year again when the first rumblings of the next year’s super bowl advertisers come out. (for super bowl 43) I think the companies just ask that their info be released this early to start the buzz cycle and get more mileage out of the media buy. There really isn’t any other reason to release the advertiser names now in September when the ads aren’t even finished yet.

They say the 30 second ad spots are selling for $3 Million dollars each. That is the going rate for a direct sales pitch into 88 million homes and TV sets all at the same time. (when are they going to start webcasting the game and the ads all together like a second delivery system of the same signal? why wouldn’t that work?) Advertisers that actually get a positive ROI from that kind of heavy hitting creative investment are wide appeal mass market companies that have products that are either seasonal at that time of year or products that relate to sports watchers or families watching at home.  Products like snacks, drinks, beer and cars have long been popular categories for Super Bowl Ads.

This year some of the confirmed advertisers are Pepsi and CocaCola, Anheuser-Bush, and a bunch of un-named Automotive, Movie and snack companies. Doritos have done really well the past few years and I wonder if they will plunge in again. I think the trend may be finally waning in the internet sites do ads category since few of them have that kind of money laying around anymore and/or need the visibility.

The timing of your ad during the Super Bowl Game is also crucial. The good spots are probably taken already in Q1 and Q3. Q2 gets boring because people have been sitting a while and just want halftime to start so they can use the bathroom and Q4 may be less well watched if the game isn’t almost tied the whole time. Many people just turn it off when the game is a blowout. The ends of pods are also bad because it just leads back into the game and consumers forget the ad pretty quickly. Being first in a pod is best since people have been proven to remember things in chunks and the beginning and end are usually the chunks they remember most.

Sometimes companies get their ads in at the last moment when 1 or 2 ads are left a week or two before the Super Bowl Game but this may not be available this year if companies are paying 300K more per ad willingly and forking over the money (or deposit) this early in the year. I think that marketers are realizing that in a fragmented market you have to be as prominent on every screen as possible to stay top of mind and above the chatter that gets tuned out. But ad placement is only 1/2 of the strategy. The other half is really the most important. It is really about relevance and humor. If you can make your product funny in a way that real people identify with personally, you have a winner and get all the chatter at the watercooler the next day.

Google is not making us Stoopid in the Attention Crash Its Productivity Stupid

This article by Nick Carr in the Atlantic last month brought up some interesting points about the attention crash and Google in regards to whether these innovations are hurting us more than helping in productivity. This article on marketing brought up some more points today.  I have been through this internet addict cycle and back again and maybe some of my experience can help those looking to prune back the hedges of web information overload (or overlord) in their life.

Is Google Making us Stopid? I think not!

Is Google Making us Stopid? I think not!

First off, I don’t agree that Google makes us stupid (or stoopid) but I do think it influences how we consume information and creates a false sense of know everything because we are plugged in every day, searching on every idea that comes to mind and reading a million blogs, emails, widgets and feeds every day. If we have full Internet access at work, good luck getting any work done if your company doesn’t block perezhilton and facebook.

We live in an era of information overload and we skim everything and really read and absorb nothing. No one can consume at this rate. People are stressed out by the number of media sources they have to keep up with daily (and on weekends) and we feel constantly inadequate because of all the bragging that goes on about successful products launched, and big money made on the net.  It’s no surprise then that we are constantly driven to consume more information and media to fill the brain with more discovery serotonin and yet we feel that we aren’t getting anywhere since most of us aren’t paid to consume this information and analyze it for a living. It is very contrary to most of our life goals with our jobs and families.

I started blogging and consuming massive amounts of media in 2002 and was completely burnt out by  2005 from a mix of Scoble, MicroPersuasion and every social networking site available plus news, alerts and emails. (plus following every move of the google monster as it grew) I did not really get much done at work, luckily I was very good at my job so I could get it done in less than the time allotted and I tried to move my real job towards this social media category. I was consumed by all the feeds, blogs, feedbliz emails, IMs, regular emails, networking sites and Flickr. It didn’t get me anywhere I wanted to go though, except the inside track on some new things I could talk about socially before other people knew about them.  (big deal) I ended up looking for a new job instead. My job seemed uninteresting and unimportant compared to the new, exciting and really important things happening on the web. This despite being the one thing that paid my mortgage.

So,what’s an internet marketing girl to do when all this media does relate to your job somewhat but it is also crushing your life? 

1. I did find a job with greater flexibility and more use of my media knowledge. But I also turned a lot of the media off.

2. I abandoned RSS feeds. Too many to keep up with. Too little importance to my life.

3. I stopped blogging everywhere for nothing and just maintained a few blogs that really mattered and one that provides some small side income.  

4. I cut out radio, TV, papers and magazines with the exception of TIME Magazine (because I need something to read on the train) and Netflix (because I don’t have cable and like to have something decent to watch once or twice a week after work). (radio was cut out because of the train also, if I was still driving to work I would listen to NPR)

5. I won’t lifestream (too invading of my privacy) and dislike twitter (I don’t need another internet addiction). This means I miss a lot of info and some trends but I don’t get worked up about it because I found that most of these super mini-micro-trends never make it to mainstream anyway.

6. I unsubscribed to a boatload of emails and started a new email account that was less spammy.

7. I also stopped reading a lot of blogs. The only ones I read now are bookmarked as links in my browser and if I don’t find something useful there for a few weeks I delete them. (or if they are friends they get linked into LJ) And I can’t read the buzz building blogs of Forester, Scoble and Giga Om. Scoble is great but no one can keep up with that man. (he is a 24 hour blogging machine!) Forrester and GigaOm are always wrong. I am sick of being led astray into an area that doesn’t fit or benefit mainstream business. I did start reading PerezHilton though. Its quick, about 5 minutes, scan through what looks interesting/funny and skip the rest.

8. I also have kind of cut back on signing up for every site beta that comes up because there are millions of them and the purpose of these sites has gotten further away from positively influencing my life in the past few years and more about distracting me. I still sign up for some, but by the time the beta password comes in, I usually find it wasn’t that relevant after all.

9. I stopped checking in on social networks daily. Once a week is enough. And flickr gets updated maybe once a month.

10. Oh yea, I also got a boyfriend and found that being with him was much more rewarding than being online all the time consuming information about everyone else’s successes.

I have come back from the attention crash and maybe some of these tips can help others. Yea, some of these blogs are going to see traffic drop but we will all be able to sleep better at night and work better during the day as a result. And when your family and mortgage are counting on it isn’t that really what is most important?

Some things I still do that have survived the internet pruning:

1. Subscribe to feedbliz emails for about 10 blogs directly related to the media I work with and personal finances. (frugal living type topics since we are in the middle of a recession)

2. I keep up with emails from work and friends.

3. Use IM to converse quickly and the phone (gasp!) for longer conversations.

4. Read TIME magazine weekly. It has evolved into a much hipper, savy, snarkier mag than you think.

5. Check the news on the yahoo login page for my personal email for news.

6. Keep up with google alerts on terms related to my work, friends and family. I guess this is super targeted and as behavioral as one can get. You would have thought they would have put ads in Google alerts by now.

7. Blog on my personal blog, marketing blog and other blog about once a week. That is about all I can keep up with.

8. Most weekends I am offline entirely. If I want to spend time with real people it has to be out of the house and therefore offline. Plus laundry and dishes need to be done sometime!

9. I have a cut off time whether all the stuff is done or not because sleep is more important to me than you might think. I try and got to bed by 10 or 11 but 12 is the cutoff for sure.

10. I remain anonymous and aliased online because I want to be able to say what I think when I want without the fear of someone’s difference of personal opinion affecting my professional or personal life.

So, in summary I think my findings indicate that it’s not Google that is making us Stupid (or Stoopid) it’s ourselves and the decisions we make about how we will spend our time (and money).

Holy Jebus Google Stock hits $700.00 per share

I thought that the Google stock had to top out at 3 or 4 hundred dollars. Apparently the $700.00 price proves I was wrong. What I wonder is why does it keep climbing? Are Google revenues still climbing that much? They aren’t doing that much more now than they did when they went public. Why is it still forecasting such growth? I have heard that stocks don’t represent present or past revenue and growth they represent what these forecasters and market traders think will happen over the next 6-12 months. So what’s in store that drove up the share price $100 bucks in less than a month? I work with google media and I have no idea. they lost out on facebook ad serving and selling and adwords is getting too expensive for some small and medium size businesses. And some forecasters still think it will hit $900 by years end in 2 months. I can’t possibly see that as a justifiable price. It so buzzy though and it does drive all other online media to be perceived as more successful right now. Is it a bubble ala 1999-2000 all over again? I am not sure, but I personally think there will be another recession around 2010. The old 30 year boom bust cycle has been condensed into 10 years by companies shortening the lifespan of products and maximizing their growth methods to grow revenue the same amounts in less time than it took pre- internet. If it becomes less than 10 years in each cycle it will be a really scary roller coaster ride. So lets not be all speculative and buzzy about everything on the net. Look at what drives revenue and converts into sales and don’t take too much buzz into account as far as what media to buy and what companies to invest in.

Kodak drops Olympic Sponsorship After Beijing 2008

beijing olympics 2008The 2008 Beijing Olympics are less than a year away. NBC is shaking in their boots though because so many advertisers are baling out right after and have probably reduced their advertising and commercial media spend on this upcoming 2008 Olympic Games. A few things seem to have changed with the Olympics over the past 10-15 years. They used to be the talk of the town and what everyone was watching each night on television for 2 weeks. Now we are not so sure where the Olympics fall in popularity in the U.S. Today they announced that Kodak along with GM and probably a few more United States companies that aren’t as popular, won’t be advertising in the Olympics after the Bejing 2008 Games. Here are several reasons why I think this evolutionary media and company changeover is happening:

1. The Olympic Mystique is waning. In a world of video games, social networking and texting these big deal once every 4 year Games that an athlete works their entire life for somehow seem disconnected. To work for that long on something and not get paid is somehow against our current consumer culture’s ideals. If you work that long you should surely get a Million dollar contract and a promotional deal with Nike right? The “for the love of the sport and glory of winning to bring peace to the world” idea isn’t really that popular with today’s youth or yuppies. They believe in sell to your neighbor, network with your friends and only work towards one goal: Money. So the Olympics are just not relevant anymore and somehow boring.

2. The evening entertainment options for people now are fragmented and overwhelming. Before you could watch TV (5 channels) or go out to dinner and a movie, listen to the radio, read a book or talk on the phone. An example of a simple 1980’s night. Now in 2007 you could do all those things plus, go online, email, text, IM, blog, twitter, MySpace/Facebook, watch dvds, DVR, Tivo, download something to watch illegally, listen to satellite radio, NPR, Google, read and comment on online news, watch cable’s any number of billions of channels, talk on the cell phone, listen to CDs, your iPod, choose new music on Itunes, go to a virtual world like second life or WoW, play video games on your TV or online, or possibly several of these combined. You can see why kids have such trouble sitting down and studying with a book these days. You can also see why the 1980’s seemed quaint and the 1950’s seemed unthinkable. People have so much selection to choose from, they just switch entertainment as soon as they get bored and which ever gets the excitement going wins. The Olympics haven’t really been able to capture the excitement for a while now.

3. The face of American Business is changing. Companies that manufacture and produce actual products in America are dying. That is just the way it is. Our Japanese competitors were formidable in the 1980’s and Our Chinese competitors in the 90’s and 00’s are killing us softly. Notice that Bank of America will be Advertising in the Olympics and GM and Kodak won’t. No American company can afford to manufacture anything in America anymore and be a world power. We’ve gotten too rich and demanding as employees (especially executives), and it’s too expensive to manufacture here. If a company transfers production to Chinese factories (for cheaper labor to be competitive) by default they teach the Chinese companies how to do their work and run the business. And then they Chinese have been known to start their own company and take over. There is a conscious effort by the Chinese to take US knowledge to build businesses in China and bring greatness and world economic power back to China like it used to have centuries ago. (from the book One Billion Customers) Hosting the Beijing Olympics is part of that Grand Plan to showcase how modern and westernized they are now while they win all the medals. The U.S. on the other hand seems to not really plan for the future, and doesn’t see that we are being put out of business. So, companies like Kodak and GM can’t advertise in the Olympics because they can’t afford to anymore, they are shrinking companies that are being beat out of the market at every turn. It is sad that we will all be driving Japanese and Chinese cars and using Chinese and Japanese cameras made in Singapore, Nepal and Malaysia soon and we won’t have any jobs here because we don’t produce anything. Manufacturing is power and we have given that up for big profits short term manufacturing in China and long term business loss and job loss here in America. The executives and board members that have decided that for this country should be put in Jail. The damage they have done to the U.S. Economy for their own personal gain is disgusting.