Clay Shirky does not write very frequently, but when he does, it's often worth paying attention to. His latest post is no exception.
Sriky is pointing out the changes in the media business and the inability of old media to comprehend them. He summarizes his point in a fun way:
To pick a couple of examples more or less at random, last year Barry Diller of IAC said, of content available on the web, “It is not free, and is not going to be,” Steve Brill of Journalism Online said that users “just need to get back into the habit of doing so [paying for content] online”, and Rupert Murdoch of News Corp said “Web users will have to pay for what they watch and use.”
Diller, Brill, and Murdoch seem be stating a simple fact—we will have to pay them—but this fact is not in fact a fact. Instead, it is a choice, one its proponents often decline to spell out in full, because, spelled out in full, it would read something like this:
“Web users will have to pay for what they watch and use, or else we will have to stop making content in the costly and complex way we have grown accustomed to making it. And we don’t know how to do that.”
What Clay Shirky is identifying for the media industry, can be attributed to the Turkish business environment in the broadest sense. It even includes businesses who were born to the connected economy.
My investments are built on one simple thesis: That Turkey has lagged comparable markets in the transition of economic activity to the connected platforms. I think there's enormous profit potential in this situation, if the right exposure is attained. And part of it comes from the behavior of incumbents in the Turkish economy. I will be thinking more about specific examples and try to document them in this blog.