a term coined by Bill Gates in 1995 in his book The Road Ahead; describes an extremely efficient market in which buyers and sellers can find each other easily, can interact directly, and can perform transactions with only minimal overhead costs
Bill Gates is the icon of what he has called ‘frictionless capitalism’, a post-industrial society in which we witness the ‘end of labor’, in which software is winning over hardware and the young nerd over the older dark-suited manager.
notable
7 years, 3 months ago