Is Social Software Bad for the Dean Camapign? http://www.corante.com/many/archives/2004/01/26/is_social_software_bad_for_the_dean_campaign.php I'm getting the same cognitive dissonance listening to political handicappers explain Dean's dismal showing in Iowa that I used to get listening to financial analysts try to explain dot com mania with things like P/E ratios and EBITDA. A stock's value is not set by those things; it is set by buyer and seller agreeing on price. In ordinary markets, buyers and sellers use financial details to get to that price, but sometimes, as with dot com stocks, the way prices get agreed on has nothing to do with finance. In the same way, talking about Dean's third-place showing in terms of 'momentum' and 'character', the P/E and EBITDA of campaigns, may miss the point. Dean did poorly because not enough people voted for him, and the usual explanations -- potential voters changed their minds because of his character or whatever -- seem inadequate to explain the Iowa results. What I wonder is whether Dean has accidentally created a movement (where what counts is believing) instead of a campaign (where what counts is voting.) And (if that's true) I wonder if his use of social software helped create that problem.