Biz Weak Blathers On Blogs

Thanks to my friends at the US Post Office, I have yet to receive my dead-trees edition of Business Week (known in these parts as Biz Weak), the one with blogs on the cover.

Looks like that makes me three days behind everyone else (sigh).

The good news is the Blogads blog has done my work for me by blogging the Biz Weak blog story (Biz Weak link appears to be free for the time being):

• A stinging critique of the story’s central premise that the big corporations will eventually figure out blogging and crowd the little guys out. Yeah, right–just like they figured out how to emulate Drudge. (Ed.: Oh, you mean they haven’t? After 8-plus years? /sarcasm)
• A Devaststating Recap of how Biz Weak covers have totally missed the truth over the years, and a good explanation as to why: “….Precisely because the publication’s staff does a wonderful job. Each cover is a finely tuned encapsulation of conventional wisdom. The magazine’s editors and staff cannot afford to go out on a limb and highlight truly revolutionary ideas or un-heralded companies — they might be wrong and look idiotic. They are not paid to be visionaries or speculators, they are paid to report. Covers can be done only if enough of the “right” people agree on something and are willing to be quoted. So, for the savvy patient investor, Business Week covers can be a contrarian gold mine…..bold declarations on Business Week’s cover are a good sign that the opposite will soon happen.

This of course means that indie bloggers need not jump out of buildings screaming “The Corporates are coming, The Corporates are coming!”

Read ‘em all.