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idle and fond bondage

Lefsetz on Tidal (and other things)

Via Ritholtz, Bob Lefsetz is on his strong subject, on form and therefore gets it nailed-on correct about Tidal. Here’s just two excerpts from many potentials:

The public has options. Whether it be YouTube or piracy. Trying to convince people that stealing is immoral doesn’t work, the RIAA already tried that. Don’t demonize your customers, EMBRACE THEM! 

 

We live in a nation of vast income inequality. We don’t want to hear winners complain. Ever. And we don’t want to hear how a product benefits you, but how it benefits US!

Whole thing here, well worth reading to understand why Jay Z’s getting this all wrong.

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