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zahlman 3 days ago

For centuries as capitalism developed from more primitive systems (like feudalism and mercantilism), goods and services that gain value from social network effects were well beyond anyone's imagination. The printing press survived the church's attempts at suppression, but nobody back then could have conceived of a service that automatically distributed copies of your books to your friends — much less one that could profit from knowing who your friends are, rather than from explicitly charging you for the service.