History on a digital loop
http://observer.guardian.co.uk/business/story/0,6903,1598487,00.html
John Naughton
Sunday October 23, 2005
The Observer
History repeats itself, said Marx, the first time as tragedy, the
second time as farce.
Step forward the consumer electronics industry. In the late 1970s, two
incompatible video recording systems emerged: Betamax, from Sony; and
VHS, from JVC. The battle between them became one of the canonical case
studies in the curriculums of business schools, illustrating the
victory of marketing over technology, a moral deeply comforting to
sales executives and those who teach marketing.
John Naughton
http://groups.google.com/group/alt.atheism/msg/a1d337e62358e8d1
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