|
"The malinvestment got sorted out and couple of decades on, immense wealth has been created." Only to be re-malinvested in the same garbage hype that created it Aside from Amazon, who shifted from selling books online to becoming a middleman for sales of others' products, and eventually to selling "cloud" services, is this wealth really derived from "buying and selling stuff online" as envisioned at the time of .com boom The truth is that no one at that time would have defined "stuff" as advertising services, "cloud" services, etc., and that is where most of this wealth has come from The so-called "tech industry" is not comprised of the "buying and selling stuff online", it is comprised of offering software for free, e.g., in the form of a "web app", a remote "service", etc. This is used as bait, a Trojan Horse, with the goal of intermediating other peoples' use of the internet, collecting data and performing surveillance The focus of this "industry" is not on deriving revenue through "buying and selling stuff online", it is on collecting data. The data collection and surveilllance is not only applied to commercial use of the internet, e.g., "buying stuff online", it is applied to all use of the internet |