from Hacker News

The Internet Has Been a Colossal Economic Disappointment

by george88b on 4/4/15, 2:32 AM with 2 comments

• by api on 4/4/15, 7:51 PM

  More blaming of the Internet for something that's been in progress since the 1970s.

  We shifted from progressive to regressive (e.g. sales and employment) taxes, cut taxes on the top 1%, and moved toward a financial and service economy.

• by sharemywin on 4/4/15, 3:17 AM

  If you look at the internet and other modern technical achievements as a world wide phenomenon. Global gdp growth has been humming along at 4-5% since the 1950s.