Chapter
The Limitations of Technology and Networks
1:39:41 - 1:43:31 (03:50)
The network effect of a successful technology coupled with regulatory approvals makes it difficult to correct the system's downsides despite the resulting limitations. Successful individuals in one area are not necessarily good in other areas years later.
Clips
Established systems with brand names, network effects, and regulatory approval may be difficult to change and correct for obvious downsides, contributing to the emergence of alternative systems.
1:39:41 - 1:43:31 (03:50)
Systems
Summary
Established systems with brand names, network effects, and regulatory approval may be difficult to change and correct for obvious downsides, contributing to the emergence of alternative systems.