Cloud Computing: Facebook flub means digital economy is dead? Hold that thought
In a recent column, New York Times columnist Ross Douthat argues that the dashed hopes of the Facebook stock offering represent a broader issue with the Internet economy itself. That technology is not delivering a new economy, but rather, a “hobbyist’s paradise,” quoting Slate’s Matthew Yglesias — “subsidized by surpluses from the old economy it was supposed to gradually replace.”
Douthat also cites statistics that show the technology sector is still but a small portion of the economy, and is suffering higher rates of unemployment than more traditional areas. Douthat says the digital economy simply isn’t a growth engine for the mainstream economy:…


Limitless Computing Inc.