Maybe he was complimenting the Fax!
“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, still paid lavishlyhttps://twitter.com/paulkrugman/status/1218110946884882433 …
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@paulkrugman In case you don't know how to interpret memes, thats you in red. Which puts@micsolana in white. You don't want to be the guy in red.
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wait till he sees founder vs first engineer equity split
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So? Complete non-sequitur... He’s absolutely correct in this instance. When we get socialism, self styled capitalists will have nobody to blame but themselves for all the efforts they’ve spent equating corporate impunity with freedom.
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Also he predicted a market crash within a year of Trump becoming POTUS.
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No way to draw that conclusion. It could be much worse productivity numbers without the internet. That trillions in wealth has accumulated to internet companies is proof enough that he’s wrong IMO.
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Sounds like Krugman is arguing for economic meritocracy. Does that apply to everyone or only rich people?
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