"The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: 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." - Krugman
Back in the 1970s there was a computer science theory ---- because of the rapid advancement of computers ---- that there would eventually be a "data shortage" ---- problem is, this was base on old school, batch programming on a mainframe.
We are using computers in ways no one ever dreamed of back then.
He’s there for the false narratives
"The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: 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." - Krugman
Back in the 1970s there was a computer science theory ---- because of the rapid advancement of computers ---- that there would eventually be a "data shortage" ---- problem is, this was base on old school, batch programming on a mainframe.
We are using computers in ways no one ever dreamed of back then.
Wait till AI takes hold.
We must not let it
Bill Joy wrote a good article many years ago 2000
https://en.wikipedia.org/wiki/Why_The_Future_Doesn%27t_Need_Us
(Bill Joy is a computer god no one hears about)