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Sunday, May 10, 2009

First, Rupert Murdoch Said Last Week That The Internet As We Know It Will Be Over Soon And Now The Huffington Post...

HOW THE INTERNET IS KILLING OUR ECONOMY

The United States is facing the most challenging economic crisis since The Great Depression of the 1930's. And if you ask me, the greatest technological invention ever, the Internet, is in no small part responsible. In fact, I believe the Internet is not only killing our economy, it's shredding our social fabric as well.

To be sure, the Internet is an incredibly useful medium. It's been a genuine paradigm shifter, altering the way we communicate, research, travel, shop and organize, educate and entertain ourselves. It allows us to do all of these everyday tasks faster, more efficiently and more cost-effectively...often times even free. And therein lies the gargantuan problem of the Internet.

http://www.huffingtonpost.com/andy-ostroy/how-the-internet-is-killi_b_201365.html

Bruce Note: He fails to mention the incredible amount of high paying jobs that the internet has generated as well as the amount of money being exchanged on the internet... but I think this may be all about the inability of those in power to regulate the exchange of information.

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