5 ms·

The age of technology is over

2 points by rohmanhakim 8y ago

lawrenceyan 8y ago
That has to be the most hilarious title I’ve seen in a while. The “age of technology” as in literally the entirety of human history from the moment we invented tool making and developed the ability to use fire? And yes, clearly 2019 is the year that humanity will peak and everything is going to be downhill from here as we will never again be able to create any new technology. I know because somebody posted on Business Insider about this.
- nabla9 8y ago
  > That has to be the most hilarious title I’ve seen in a while. The “age of technology” You are supposed to comment the article. Commenting the tile is considered bad form. The article is not discussing what you want to discuss.
  - lawrenceyan 8y ago
    The article talks about how the “age of technology” is clearly coming to an end with the Nasdaq in imminent peril due to this development. My comment is pointed towards the title because it perfectly summarizes the foolishness of the overall article.
    - nabla9 8y ago
      You commented the advance of technology in general. The article was about the end of higher than average returns from the current technology companies. That's what the "The age of technology is over" meant. Technology can advance with leaps and bounds while the ROI for the tech companies is in par with other companies.
      - lawrenceyan 8y ago
        Both comments are untrue. The author uses his pessimistic outlook on technology in predicting the stagnation of technology companies. That’s why my comments center around showing how such an opinion is foolish. Because besides it, the author provides no other evidence, factual or otherwise.
        deleted 8y ago
        [deleted]
nabla9 8y ago
The excess value (relative to global average) from technology goes to to: 1. consumers, 2. investors, 3. growing market share in the expense of traditional industries. The ratio of where the value goes changes over time. Older industries like airline, car, and telecom industries are examples of high-technology industries where the profits margins are lower and market share grows only moderately and consumers get most of the benefits. Netflix is movie company, FB and Google are advertisement companies, Tesla is a car company. Amazon is retailer mostly. At some point the consumer income is the limiting factor for tech gigants. With the growth constantly far above the average they would quickly exceed all the disposable income in the world.

2 points by rohmanhakim 8y ago

That has to be the most hilarious title I’ve seen in a while. The “age of technology” as in literally the entirety of human history from the moment we invented tool making and developed the ability to use fire? And yes, clearly 2019 is the year that humanity will peak and everything is going to be downhill from here as we will never again be able to create any new technology. I know because somebody posted on Business Insider about this.

nabla9 8y ago
> That has to be the most hilarious title I’ve seen in a while. The “age of technology” You are supposed to comment the article. Commenting the tile is considered bad form. The article is not discussing what you want to discuss.
- lawrenceyan 8y ago
  The article talks about how the “age of technology” is clearly coming to an end with the Nasdaq in imminent peril due to this development. My comment is pointed towards the title because it perfectly summarizes the foolishness of the overall article.
  - nabla9 8y ago
    You commented the advance of technology in general. The article was about the end of higher than average returns from the current technology companies. That's what the "The age of technology is over" meant. Technology can advance with leaps and bounds while the ROI for the tech companies is in par with other companies.
    - lawrenceyan 8y ago
      Both comments are untrue. The author uses his pessimistic outlook on technology in predicting the stagnation of technology companies. That’s why my comments center around showing how such an opinion is foolish. Because besides it, the author provides no other evidence, factual or otherwise.
      - deleted 8y ago
        [deleted]

nabla9 8y ago

The excess value (relative to global average) from technology goes to to: 1. consumers, 2. investors, 3. growing market share in the expense of traditional industries. The ratio of where the value goes changes over time. Older industries like airline, car, and telecom industries are examples of high-technology industries where the profits margins are lower and market share grows only moderately and consumers get most of the benefits. Netflix is movie company, FB and Google are advertisement companies, Tesla is a car company. Amazon is retailer mostly. At some point the consumer income is the limiting factor for tech gigants. With the growth constantly far above the average they would quickly exceed all the disposable income in the world.