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If that was true, why has the economy since 2000 never hit the speed of growth that it had in the 1990s? It seems the big economic gains of the Internet came ea
by lkrubner 4y ago
If that was true, why has the economy since 2000 never hit the speed of growth that it had in the 1990s? It seems the big economic gains of the Internet came early, and what we've seen since is the Law Of Diminishing Returns: increasing inputs for decreasing outputs. Bigger investments for less economic growth.
- mbesto 4y ago> hit the speed of growth that it had in the 1990s? It seems the big economic gains of the Internet came early It did, just not in the way you're describing it. This is how it's manifested itself: > Apple, Amazon, Alphabet, Microsoft and Facebook all account for just under 20 percent of the market value for the entire S&P 500. With a collective value of nearly $5 trillion, these top tech companies easily dwarf other entire industries in the index, with companies like Berkshire Hathaway and JPMorgan Chase falling well short. Currently, the total valuation of the S&P 500 is almost $27 trillion. [0] - https://www.statista.com/chart/20794/tech-companies-highly-valued-in-sp-500/ https://www.statista.com/chart/20794/tech-companies-highly-v...
- lkrubner 4y agoThat is not economic growth. A valuation of some companies on the stock market has noting to do with economic growth. "Create more than 2 orders of magnitude in terms of economic value" never actually happened.
- mbesto 4y ago> 2 orders of magnitude in terms of economic value (i.e. profit) Then you clearly misread my initial point. economic value != overall economy growth