by Jeffrey Tucker, Mises:
I’m so proud of Rebecca Black I can hardly stand it.
She is among a growing number of young people who have become YouTube stars completely on their own. They have made use of user-controlled technology—from their own cameras to your eyes and ears—to cultivate fans all over the world. This trend has allowed ordinary individuals to bypass the once-entrenched elites in the entertainment world and is flourishing under a system of peer-to-peer sharing. A major beneficiary of this technology, and only 16 years old, Black has a wonderful career ahead of her if she wants it. And she does.
But it took more than the market and the technology to make her musical entrepreneurship work. It also took daring, persistence, and a level of courage in the face of intense stress that would have crushed most others.
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