The financial crisis did not make people buy mobile phones instead of landlines, Hulu and Netflix instead of cable TV, or Craigslist instead of local newspaper

The financial crisis did not make people buy mobile phones instead of landlines, Hulu and Netflix instead of cable TV, or Craigslist instead of local newspaper ads, or ebooks instead of paper books. It might have accelerated the shift, because the new technology was cheaper, but people naturally gravitate to the better product. These technologies split, reorganized, transferred, concentrated or decentralized demand. Call it what you will, but people want the new stuff over the old stuff. And if they want it, they'll buy it.