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
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frictionless capitalism
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.
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7 years, 4 months ago