Creative Destruction: Satellite Radio Edition
Sirius-XM appears poised on the brink of bankruptcy this morning, which should come as a surprise to no one and will present an opportunity for some. The economics of the business were off from the start: it relied on expensive satellite technology governed by a morass of regulation, it had a costly top-down content model but, most critically, it entered the market just as its foundation were undergoing a tectonic shift.
In short, less people are listening to radio overall and the majority of those that are, are doing so at homes and in offices equipped with broadband Internet technology that offers an infinite selection of channels for free. Gary Kim has a thoughtful pre-mortem in today's TMCnet which follows the satellite industry.
Now, it appears satellite radio's one and only stronghold, car listening, may soon fall, as car makers introduce in-vehicle wifi. The promise of wi-fi has underdelivered thus far, having been tangled in competing standards and limited access to the radio spectrum. But with new frquencies on the analog spectrum set to open up next week, we may be moving toward a new burst of innovation. Those who want to bet on the next big thing should take note and seriously study up....
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Is it "perverseness," the "death drive," or something else?
A disturbing interview given by a KGB defector in 1984 describes America of today and outlines four stages of mass brainwashing used by the KGB.
- Bezmenov described this process as "a great brainwashing" which has four basic stages.
- The first stage is called "demoralization" which takes from 15 to 20 years to achieve.
- According to the former KGB agent, that is the minimum number of years it takes to re-educate one generation of students that is normally exposed to the ideology of its country.
It's up to us humans to re-humanize our world. An economy that prioritizes growth and profits over humanity has led to digital platforms that "strip the topsoil" of human behavior, whole industries, and the planet, giving less and less back. And only we can save us.
- It's an all-hands-on-deck moment in the arc of civilization.
- Everyone has a choice: Do you want to try to earn enough money to insulate yourself from the world you're creating— or do you want to make the world a place you don't have to insulate yourself from?
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