Sramana Mitra writes:
This year has been a year that has underscored several…balance of power developments.
In Politics and in Economics, the US dominance has been partially normalized by China and India, both emerging superpowers.
Close to home, in high tech, Googles absurd rise has stopped Microsoft in its track, posing an alternate power block that challenges many existing assumptions.
In Silicon Valley, Google and Yahoo have even started challenging the power that Venture Capitalists have commanded thus far against entrepreneurs, and by encouraging entrepreneurs to bootstrap their startups, followed by exiting into one of the two (or into one of their competitors).
In this strange rebalance, Microsoft accuses Google of being arrogant, as do the VCs. Amusing, this turn of tides …
And one last balance of power example : the dominance of mainstream media has been shredded by the emerging democratic new media publishing trends and their supporting infrastructure that has rapidly matured this year (Blogs, Podcasts, Video-on-Demand, Microcontent, Micropayment, acceptable DRM standards, viable ad-supported business models, etc.).