
I know I promised to keep politics off this blog. Do indulge me, though.
Besides. It’s much more about the (digital) economy than politics.
The White House web site folks replaced YouTube with Akamai as the preferred video delivery platform for the President’s weekly online video address.
What sparked the decision was privacy concerns over how YouTube-embedded video dealt with cookies placed on the devices people used to access the popular White House Web domain.
OK. I get it! But what about the other, much less discussed issue in this context? Money!
Behind the decision to ditch YouTube for Akamai also were complaints that a tax-payer funded government site should not generate free advertising for YouTube and thus Google, the online video giant’s parent company. (The rational being that someone clicking from the White House domain back to YouTube becomes a potentially valuable set of eyeballs against which YouTube can charge advertisers).
Well, how about this? (All completely hypothetical of course, and somewhat simplified):
YouTube – which for all intents and purposes has solved its cookies issue. Gone is the privacy concern – continues to deliver the President’s video address to the White House site. The nation’s most prominent government Web destination thus drives traffic back to YouTube as it has in the past.
But this time, this time we go out and actually buy shares in Google stock. (Believe me, it’s cheap right now).
Yes, rather than complaining about taxpayer money being misappropriated by letting www.whitehouse.gov drive free traffic back to YouTube, how about sharing in the financial upside (and risk, I admit) in YouTube’s incremental revenue benefit from my tax-funded arrangement?
Net, net? The White House site would regain an exceedingly capable video partner; one with unparalleled online brand recognition and viral video marketing ability unlike any other video site today.
And taxpayers? They would have opportunity to realize a potential return on their stock investment transferring right back into their own pockets. (Capital gains tax not withstanding, that is).
Wait! Does this sound too much like a mini version of the current US stimulus plan, bailing out an already lackluster Internet stock with public money?
Is this a (mini) step towards socializing the digital economy – akin to the previous administration’s proposal to let taxpayers (partially) invest their tax-funded social security, with all the inherent risk attached?
Listen, I am just a telco guy. What do I know?
But quite frankly, to me the bigger picture is that the digital economy has grown and prospered best every time we rewarded value (here YouTube’s unique video delivery expertise) and risk (my trust that buying Google stock) will pay off.
Artificially disconnecting any Web site from a quality vendor makes little sense to me.
Besides, wouldn’t we want to see our tax dollars placed where they are likely to generate the highest return?
What’s wrong with that? Especially in this economy.
PS: Yes, I own a handful of Google stock. And no, this post is not a vote against Akamai.