Social Media disrupting the Established Economy
David Nordfors sites an example of radical innovation disrupting the economy:-
The media – mainstream- is becoming irrelevant in the social media communication Eco system. More people listen to the small movements than we might be aware of. People are looking for and finding new ways to relate to their environment through all the new channels available .
This blogging/ messaging/ visualizing ,new Eco system will not change legacy institutions,but will help build other options. If you examine education and the
New available materials in many formats,you have an opening for creative self actualization and enhancement. Innovative self education is already happening for millions. Mooc and Khan are just the beginning.