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Inside Plato's Digital Cave - Jaffer Ali - MediaBizBloggers


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Published: July 21, 2010 at 02:48 AM GMT
Last Updated: July 20, 2010 at 02:48 AM GMT

By Jaffer Ali

Socrates: And if he is compelled to look straight at the
light, will he not have a pain in his eyes which will make
him turn away to take refuge in the objects of vision which
he can see, and which he will conceive to be in reality
clearer than the things which are now being shown to him?
And suppose once more, that he is reluctantly dragged up
a steep and rugged ascent, and held fast until he's forced
into the presence of the sun himself, is he not likely to
be pained and irritated?
--Book VII of Plato's Republic

I had not read the allegory of Plato's Cave since my college days many years ago. When I chanced upon it the other day while surfing the web, I found it once again spoke to me as it has spoken to the world for nearly 2500 years.

What was once my basis for a theoretical treatise in college has become a profound revelation as I traverse the online media landscape. It is all but certain that many of the digerati are helplessly, and -- dare I say it -- nearly hopelessly chained inside the cave, unable to see the world outside.

The reality of online media and media in general is that there is a very deep problem that digital pundits apparently cannot countenance. The pain of the light proves so pervasive that they satisfy themselves by looking at shadows cast upon the cave walls.

Media agencies are the most tethered group inside the cave. They are chained to complexity that, devoid of logic and reason, dooms them and their clients to life amidst the shadows. This will remain so for the foreseeable future because complexity fosters the illusion of expertise and advertisers are now so deep inside the cave that they're willing to finance hope against hope in their desperate search for a way out.

But there is more to being inside the digital cave than the mere cause and effect of misguided self-interest. There are dire consequences that lurk in these same shadows. The entire online media ecosystem is growing increasingly unhealthy and unsustainable as seemingly smart folks continue to shy away from the light. Our long-term self interest demands an exit from the cave, but it's as if there is a collective delusion -- beyond reason and rationality -- that keeps us in the dark.

There are an estimated 250 million functioning websites, yet arguably less than 1% of them are financially sustainable. With more than 99% of this ecosystem economically unviable, one would expect considerable focus on this sorry state of affairs. But even just a cursory overview of our digital trade press indicates a wildly disproportionate amount of attention on the marginally viable 1% and almost no consideration whatsoever for the unsustainable parts of the ecosystem.

Can a practiced cave dweller emerge from the shadows? Plato thought so, but I am not so sure. Plato believed in the power of rational thought to overcome irrational emotion. For us to escape from the metaphorical cave that shields us from the light of reason, we must first force ourselves to look beyond the darkness of our own design.

Not until the threat of life in the shadows becomes too great will people brave the journey into the light. We can only hope that the self-inflicted pain caused by an unsustainable media ecosystem will force us out.

Perhaps the words of French author Anais Nin will help to guide us:
"And the day came when the risk to remain tight in a bud was
more painful than the risk it took to blossom."
--Anais Nin

To communicate with or to be contacted by the executives and/or companies mentioned in this column, link to JackMyers Connection Hotline.

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Reader Comments(2)
Your relentless battering of the online ad world is really tiresome. If you are so right why are SO MANY so wrong? Advertising spending around the world is doing better than expected this year, but the real standouts are online, especially paid search, mobile and social media, according to a revised forecast for 2010 according to a report from ZenithOptimedia. The Internet that will show the biggest share growth this year and beyond, according to a revision made to the company's annual spending forecast. Online advertising spending will rise from $49.8 billion and 10.5% of global spending in 2008 to $82.7 billion and 17.1% in 2012.
Posted at 09:59 AM on Jul 22, 2010 by Jack's Pal
Jack's pal, I thought a while before I knew how to respond. First, I really DO understand that folks reading a POV that is outside the cave is more than tiresome, it is often PAINFUL. It is much easier to retreat to the comfort of looking at the reflections on the cave wall.

Now, why are SO MANY wrong as you ask? Unless it was a rhetorical question, or sarcastic, there is a simple explanation. SO MANY folks look at different slivers of our industry and not the entire ecosystem. So there are "healthy" slivers (search), but they cannot perpetually thrive if publishers cannot make a living. And more and more publishers are having a difficult time making ends meet. MSN.com lost $2 billion. AOL has been a disaster. Yahoo's revenues down (while profit up), 2009 darling Twitter has yet to discover a viable model. In short the ecosystem is convulsing, yet if one concentrates on the slivers doing well, one cannot see the pain.

Online ad spending is of course increasing. But to believe that this is convincing evidence of online health is to really retreat deep into the cave. Online ad spending is increasing in a linear fashion when ad inventory is expldoing in an exponential fashion. CTRs have declined from an average of 5% to.1%. CPMs have declined...and so much ad inventory is now being used for bargain basement "performance based" direct marketing.

Tiresome? Painful? Cheerleading while Rome burns may offer temporary succor, and there are PLENTY willing to provide that on this site. But not me.

Thanks for reading and commenting. I mean that. Feel free to call me at 708-478-4500 ext. 105. My voice may be less tiresome than my writing.
Posted at 06:11 AM on Jul 24, 2010 by Jaffer