The speed of communications is wondrous to behold. It is also true that speed can multiply the distribution of information that we know to be untrue.
Sentiment: POSITIVE
The importance of information is directly proportional to its improbability.
I consider high-speed data transmission an invention that became a major innovation. It changed the way we all communicate.
The Internet has changed everything. We expect to know everything instantly. If you don't understand digital communication, you're at a disadvantage.
And once you get instantaneous communication with everybody, you have economic activity that's far more advanced, far more liquid, far more distributed than ever before.
Communications is the biggest driver of frequency of use of anything. Think about how many times a day you check your email on your phone or text someone or message someone.
Even in developing markets, we're seeing the growth of digital communication is proceeding at a very rapid pace.
People live longer today than they ever have. They live happier lives, have more knowledge, more information. All this is the result of communications technology. How is any of that bad?
Texts and e-mails travel no faster than phone calls and telegrams, and their content isn't necessarily richer or poorer.
The major advances in speed of communication and ability to interact took place more than a century ago. The shift from sailing ships to telegraph was far more radical than that from telephone to email!
I think that the Information Age is great, but there's a downside to it obviously as well, and it's that false information can be perpetuated so quickly. And it's sad that so many people will believe it.
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