Submission + - http://online.wsj.com/article/SB123335678420235003
Randy Savage writes: Venture capital is on hold... advertising revenue down... WSJ discusses where online business models might go.
Over the past decade, we have built a country-sized economy online where the default price is zero — nothing, nada, zip. Digital goods — from music and video to Wikipedia — can be produced and distributed at virtually no marginal cost, and so, by the laws of economics, price has gone the same way, to $0.00. For the Google Generation, the Internet is the land of the free.