Netflix and Old Style TV

[This article was initially published in HBR Online on 19th October, 2017] Netflix hit the industry with some bombshell moves this month. First, it announced that it plans to spend $8 billion on original content next year (including on 80 new movies). This is far more than any other online player. Obviously, this is great …

Reflections on Galbraith’s New Industrial State, 50 years later

[This Post initially appeared in HBR Online on August 22, 2017] This summer marks 50 years since the publication of John Kenneth Galbraith’s The New Industrial State and its quick rise to the top of the New York Times Best Seller list. The book was one of the rare instances where an economist was able to capture public imagination and …

Neither Uber nor Lyft believe sharing is the future

... at least for cars. Uber is well-known for having pushed autonomous vehicles. And when it first floated the idea, somewhat bemused onlookers wondered how this fit with their short-term goals of attracting drivers. But when Uber set up a major R&D facility in Pittsburgh -- gutting Carnegie Mellon's computer science department -- it seemed …