There was a lot of discussion about my previous posts here and here. My point is that the internet is a stable platform. Its a utility. Its evolved to the point where you can count on it and develop applications for it without much fear that its going to change.
What confirms my point is that with all the talk of a possible or existing recession, not a single mention is ever made about how increases in productivity from technology will pull us through. That is counter to the recessions of the past 25 years. Whether it was the early 80s, the 90’s or even the post bubble , economists and others pointed to technology as a catalyst to productivity that would help pull us out of our economic doldrums.
When there were boomtimes, as we saw from about 91 to 2000, technology was given the lions’ share of the credit.
So where are the claims of further productivity enhancements from technology? They are nowhere that I can find.
In fact, we can start to make arguments to the contrary. That technology and in particular social network and video sites can be a hindrance to productivity in the workplace.
Further arguments can be made that the MSFT YHOO potential merger is further evidence that the technology industry is maturing.
It is what it is.