Legal tech offerings are vulnerable to and perpetuate the problems of jurisdictions, they don't solve them.
Behind many of my ideas lies the vision of unprecedently powerful tools for multinational small biz: http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/multi.small.html … Transport costs are lower, English has become standard, and comm costs have plummeted, leaving politics increasingly the dominant cost of cross-border biz.
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That link no longer works, try this one: https://www.tuicool.com/articles/U7veauY …
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There’s also “self-inflicted protectionism”. During a recent trip abroad I was astonished at how many things I couldn’t do online. Some because I was “accessing from outside North America”. Others because I lacked a local credit card and phone number.
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Poor social scalability -- confining one's business to localities when communications, and most potential suppliers and customers, are global.
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+1 Regulation/Compliance is the single biggest friction in the system atm. Unfortunately that risk/cost is increasing fast. (not only in cross-border biz, I might add)
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"with fiber optics telecomm costs will drop orders of magnitude further." This is 1993 Nick you nailed it!
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Typo "Once jurisdictional indepdence"
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Barriers to multinational small business include, sadly, increasing nationalism and protectionism.
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And US withdrawing from it's role as security guarantor of the oceans, which may significantly impact global free trade
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The US no longer has any incentive to protect trade routes with it's navy.
@PeterZeihan will explain ;)
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“One interesting question is what small changes might bring about the phase change faster.” Bitcoin. :) But regarding the post, very insightful - well thought out & written. Next barrier? Likely “people networks”. First Indian guy I hired, his job was to find me other Indians.
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Also “culture of leadership”. Nurturing relationships is profitable face to face but not internet. People operating internationally need to think like a VC, not a worker. This concept is likely foreign to many. ‘Buddhism’ doesn’t lend well to authority structure, etc.
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