Hindsight is wonderful
“The growth of the Internet will slow drastically [as it] becomes apparent [that] most people have nothing to say to each other,” the economist Paul Krugman wrote in 1998. “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…. Ten years from now the phrase information economy will sound silly.”
Sue Halpern in the NYRB. Good article.