Paul Krugman
Oct. 22nd, 2013 02:22 pmI guess nobody is perfect. Paul Krugman gets called out on what has to be one of the absolute worst predictions in history.
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“The growth of the Internet will slow drastically [as it] becomes apparent [that] most people have nothing to say to each other…. By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
-- Paul Krugman, 1998
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He clearly underestimates our insatiable demand for pornography in as many forms as we can get it. He also does a disservice to the power of self-love. It is much more fun to write something on the Internet with the happy idea that there is an audience than to write your little notions in notebooks to be stacked in the back of the bedroom closet collecting spiderwebs. And there is all the news and celebrity gossip that you can want just a click away. I guess it was just a question of making it easier and more affordable for the bored masses.
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“The growth of the Internet will slow drastically [as it] becomes apparent [that] most people have nothing to say to each other…. By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
-- Paul Krugman, 1998
>>>>>>>>>>>>>>>>>>>
He clearly underestimates our insatiable demand for pornography in as many forms as we can get it. He also does a disservice to the power of self-love. It is much more fun to write something on the Internet with the happy idea that there is an audience than to write your little notions in notebooks to be stacked in the back of the bedroom closet collecting spiderwebs. And there is all the news and celebrity gossip that you can want just a click away. I guess it was just a question of making it easier and more affordable for the bored masses.