Craig Newmark is a smart capitalist

And if I hear one more time how Craigslist lacks “capitalist instincts”, someone’s head is going to shatter into a million pieces. Leave it to Mike at Techdirt to explain why Craigslist’s profit strategy is a hell of a lot smarter than the one many VCs would have for it. (No prizes for guessing that the economic ignoramuses at Daily Kos don’t get it, either. Imagine how horrified they’d be if they realised just how profit-smart and capitalist Newmark and his CEO really are.)

drawing by Hugh McLeod, gapingvoid.com

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