Umair Haque / Bubblegeneration
umair haque  


Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.

Wednesday, August 18, 2004

Gray Markets Defeat Property Rights - Endgame

Illinois State Gov sets up a website to import cheaper drugs from Canada. This is one of the first hints of how the dynamics of property rights in Net-mediated markets inevitable play out - the gray markets get legitimized into the larger market, consolidating parallel markets into one big one with different qualities of substitutes at different prices.

This is why property rights are a strategic error. The writing's on the wall; smart firms will think backward, not forward - and realize that large-scale legitimization of grey markets doesn't just disrupt business models; it kills them dead.

-- umair // 1:13 AM // 0 comments


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