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Ayn Rand

Wandering Eye: The internet has been an 'economic disappointment,' Ben Carson hates selfies, and more

Wandering Eye: The internet has been an 'economic disappointment,' Ben Carson hates selfies, and more

The internet, says William H. Davidow in the Harvard Business Review, has been "a colossal economic disappointment." He is talking about jobs, wage stagnation, and everything: Basically, technological innovation in the past has created many more jobs than it has displaced. The web—and all the apps, the cloud, the Google, etc.—has done the opposite. He's not saying these aren't great companies, of course. "But," he writes, "many of the largest Internet companies have for the most part taken revenue from existing companies without growing the total economy." This is true, and it's easy for anyone not steeped in Ayn Rand's fantasy...

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