Finally online... at Blip.tv instead of YouTube:

Its a really great description of what social software is (mostly a pile of failures) and where its going. Hopefully the 3rd or 4rd generation of social software learns from past mistakes, and helps do something with the insane cognitive surplus in the world. I would have just used the phrase "free time" instead of "cognitive surplus," but Shirky is an academic after all... and they love inventing new words.

My favorite quote was when he was chatting with a TV producer about Wikipedia, and how people were obsessing so much about the Pluto page when it was downgraded from a planet... She shook her head and said "where do people find the time?" Naturally, Clay Shirky snapped and said "people who work in TV don't get to ask that question!"

Classic snark...