I'm not an economist by training, but I've spent a long time observing markets, and I've often wondered what the great economic thinkers of centuries past (Marx, Smith, Keynes, others) would say if they were alive today and could witness the transformations that have been caused by mass media (radio, TV, print) and the Internet. The Internet, in particular, has had a transformative effect that will doubtless be studied for hundreds of years to come.One of the things that can be said about pre-Internet markets is that most markets permit the emergence of two or three major winners (a primary wi...