Saturday, November 18, 2006

PS3 and gospel economy

Jayson and I were strolling passed the local Target after our dinner at Thai Bangkok Orchid on Thursday, when we noticed a gang of guys playing video games outside the front entrance.
"What are they doing?" Jayson asked. I walked over to the first set of guys bundled in coats.
"Are these your systems or Target's?" The guy said the systems were theirs. You could see his breath.
"Do you guys typically hang out here playing video games here at night or weekends?" I asked in amazement.
"We always camp out for the latest console."
"Which one is coming out?"
"The PS3."

A handful of souls, playing video games all night outside Target so they can be the first ones in the doors hoping not to miss out on the limited supply. Now those are devout worshippers! They probably wonder what strange world I live in that I hadn't heard the gospel of the coming kingdom of PS3. Would they have any interest in a new world that can't possibly run out of supply? That economic strategy is bound to disappoint any supply-and-demand based worldview of value.

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