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Then how could he have been so wrong in his prediction?

• MisterBastahrd 13y ago
  Please explain exactly how he is wrong. The internet hasn't substantially changed the rate of growth nor the size of the economy. It also hasn't created any new transformative markets. It has simply made them more accessible. That's why the fax machine analogy is so apt. Amazon is a storefront. Google is an ad service. Facebook is a glorified telegraph service. It doesn't matter how nifty their tech is. The only thing that matters in this context is what they do, and how that affects the overall economy.