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Author Topic: Paul Krugman (1998): By 2005 Internet will have no more economic impact than fax  (Read 9446 times)
westkybitcoins
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April 20, 2013, 08:22:22 PM
 #21

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Kahn, presumably drawing on the opinions of pretty reasonable people, predicted that over the last third of the century living standards would double, despite a sharp reduction in work time. He thought that by 2000 a 30-hour workweek, with 13 weeks of vacation per year, would be the norm.

The irony of this is, the above prediction had a decent chance of actually coming to pass, had it not been for greedy, controlling government and monied interests (think 1913) being given a pipeline to suck the lifeblood out of the populace and derail progress.

Also, I've interacted with people with Krugman's mindset. I'd wager that he STILL thinks of the internet as some occasionally-useful, but still-overhyped communication tool.

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April 21, 2013, 01:21:32 PM
 #22

Does Krugman believe his own BS? I kind of wonder... Everybody has their price.
Given that his own BS continually changes with the latest socialist scheme or money printing scheme, I've always had to view him as an apologist for the socialist powers that be in the US.  That's a JOB.  I imagine it pays well in various under the table ways.
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