the failure of capitalism

Speaking of capitalism, while talking with Kleinheider last night, we talked about how amazing it was that some people find the time to blog so prolifically, and I shook my head and said “yeah, I have no idea”. And then I remembered: wait, yes I do. I used to do it all the time. I had a job where I basically did nothing all day (never again), and so I blogged all day. And it struck me: the existence of the blogosphere at all is evidence of a serious market failure.