Google and the Perfect Marketplace

There's a book that came out in early 1999 called Net Worth, which you might want to read. I almost want to revisit it myself now. It's a Harvard Business School book that Marc Singer and John Hagel came out with. It talked about infomediaries and it imagined this future where there'd be these trusted brands and companies.

They were thinking along the lines of American Express or some other concurrent banking entity at the time, but these infomediaries would have outside vendors come to them and they would entrust all their information, as much as they wanted to, they could control that, both online and offline. You were talking in your latest blog post about understanding in the consideration phase where somebody is and presenting, potentially, websites that they hadn't seen yet or ones that they might like at that point in the car purchase behavior.

But the way that they were imagining it was that there would be a credit card that might show that someone had been taking trips from the San Francisco Bay area to the Tahoe region at a certain time of year and had maybe met with real estate agents up there and things like that. But these infomediaries, on top of not just web history but even offline stuff, would be a broker for all that information and there would be this nice marketplace where someone could come and say, "I want to pay $250 to talk to this person right now with this specific message".

So it seems that Google is doing a lot of that, especially with the DoubleClick acquisition. But I'm just wondering about the other side of it, keeping the end user aware of and empowered over that information and where it's at. So Net Worth is a neat book to check out because the way they were describing it, the end user, even to the broker, would seep out exactly what they wanted to seep out at any given time. It wouldn't be this passive recording device thing that's silently taping. My experience so far of using the Google Toolbar that's allowing the collection of history, is that it's ambiguous to me about how much of my behavior is getting taken up by that system and used.