The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
Sentiment: NEGATIVE
Unlike then, the mail stream of today has diminished by such things as e-mails and faxes and cell phones and text messages, largely electronic means of communication that replace mail.
I am still cautiously hopeful about the potential of the Internet. But it seems that the greatest revolution in communication has been hijacked by commercial values.
If you look at the history of communication, new technologies like the phone and e-mail didn't just let people do things faster; it fundamentally changed the scope of the kinds of projects people dared to take on.
E-mail, when it became mobile - what happened? Utilization of email went through the roof. Just pure Internet access and data - what happens when you mobilize it? Multiples. People are dependent upon broadband and as you mobilize it, they become even more dependent on broadband.
I fear that light touch regulations that have allowed the Internet to prosper will now be replaced by a heavy hand that stifles innovation and does not adapt well to change. The Internet is not broken.
Look at electricity in human history - it took a few decades for electricity to really revolutionize the American economy. And the Internet will be the same. At some point in the future, we will arrive at a new era of low-hanging fruit.
Even in developing markets, we're seeing the growth of digital communication is proceeding at a very rapid pace.
There is an enormous market demand for information. It just has to be fulfilled in a way that fits with the technology of our times.
The Internet has changed everything. We expect to know everything instantly. If you don't understand digital communication, you're at a disadvantage.
Texts and e-mails travel no faster than phone calls and telegrams, and their content isn't necessarily richer or poorer.
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