Showing posts with label demand-side economics. Show all posts
Showing posts with label demand-side economics. Show all posts

BIG TECH CRASH THREATENS TO WIPE OUT AMERICAN AND WORLD ECONOMIES

by Brett Stevens

We have known for some time that Big Tech is going down, and that like the last two crashes, it will take down the economy with it.

The first dot-com crash came right after the 1990s ended when people figured out that all this gee-whiz stuff did not actually sell products. The next kaboom came just after mobile internet came about, and was somewhat obscured by the larger financial crisis that it exacerbated. The next crash will rip out even more of our economy.