Friday, July 31, 2009

Another Inefficient Market Meets Crowdsourcing

I came across this...It seems that no matter how many times history plays out the hand dealt to inefficient markets, the next inefficient market to be assailed wails in protest. Jeff Howe’s article on Crowdsourcing in graphics and design, discusses the reaction from many designers to this discount approach to their core business. What I take from the group of designers who’ve formed the group called NO!SPEC, is that they would have resisted enabling stock trades to happen through anything but a paid broker, or that they are on the side of real estate agents in their fight with the discount agents and websites that perform similar services without the 6% fee.
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