Of all the recent trends in online computing, the one most game-changing is the trend toward developing platforms and allowing users to build applications on top of them. The greatest example of a platform on the web is Facebook, which started as a simple social network, but by opening up to third party apps, has become the most important web development since Google. Platforms allow downstream developers to wield the entire power of the “parent” to create interesting and valuable applications without requiring massive resources to lay the groundwork for the basic functionality.

The reason platforms are so important is that they allow developers to use massive technological leverage. To illustrate this point, lets use the example of Dropbox, an outstanding online backup application.

These things gotta happen every five years or so, ten years. Helps to get rid of the bad blood. –Clemenza, The Godfather

The recession is undoubtedly a very difficult time for America and the rest of the world. However, during this rough period, its important to realize that things will get better. Here are 7 areas and ideas that will emerge stronger when the economic crisis subsides:

Over the last year and a half, I worked as a convertible trader at Merrill Lynch. Last week, I was laid off as part of the headcount reduction initiative for the Bank of America merger. Rather than focus on the termination, I’d rather focus on three key ideas that I learned while employed: devotion to the cause, the value of personal connections, and the importance of constantly learning. Ultimately, these concepts will help me well into my professional career and ensure that the last year and a half was not wasted.

With money coming out of Wall Street and going into science and research, the time has never been better to go into the sciences. The TARP will severely limit Wall Street pay for the next several years while at the same time increasing funding for research and science-related careers.