If we take the concept of “elegant organisation” and apply what the ASX stats suggest (that is, more people look to the Internet and Friends/Family then Advisers) we can see how much of an impact that Social Media could have in this niche financial industry, the problem is what ASIC are reviewing does not consider the nature nor the dynamics of Peer-to-Peer networks.
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Both the ABC announcement of a new 24-hour news channel in direct competition with existing media outlets and the way they are conducting themselves demonstrates that the ABC has lost its way. What was an independent, non-competitive supplier of quality public services is now morphing in into a government funded News Corp or Fairfax. |
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