❌An Inefficient and Troubled Market

When Herbert A. Simon remarked, "In an information-rich environment, the wealth of knowledge equals , The scarcity value of the consumer's attention," he was the first to articulate the concept of attention economics.

We must efficiently distribute that attention among the several information sources that may devour it.

Jenny Odell uses the conflict between being connected online and isolated in the real world to explain why we should refocus our attention. She claims that we spend too much time online because digital platforms are designed to keep us linked for their own benefit. It's vital to get away in order to participate in genuine human interaction.

The earliest forms of trade may be traced back to ancient China, Egypt, and Europe's Middle Ages. Peter Watson dates the history of long-distance commerce from circa 150,000 years ago.

The growth and revenue of every social network is determined by how often you check the screen. We get rapid gratification from our interactions, which leads to a vicious cycle of spending more and more time online.

We end up consuming data that we don't actually require. Information that is neither entertaining nor beneficial to us.

In an ideal interaction, both parties benefit from the transaction, there is one producer and many consumers, and one consumer and many producers. We face the risk of being monopolized by the same brands that teach us how to live, look, and act, heightening our fears and expectations, if we don't go out of our way to control our experience.