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The Internet's Effect on the Recession

Written by Jack Vero
on October 17, 2012

I've been waiting years for someone to write this article and I still haven't seen it so I guess I'll have to do it myself. It's a pretty simple idea so I'll make this brief:

They say the recession was started by the housing crisis and is being sustained by the jobs crisis but what is really at the root of the problem? It seems obvious to me that the real culprit behind the jobs crisis, and hence the whole recession, is the internet/technology revolution. The biggest change in the world since the time our economic troubles began is the widespread adoption and growth of computer technologies which have made countless people's jobs obsolete. The reason our recovery has been so slow is because society is stubborn and slow to adapt to change, not to mention that half the politicians in the world keep jamming bandaids in the wound instead of just letting the market heal itself. It's really just that simple.