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Binkie The Clown

(7,911 posts)
8. Maybe this guy (link) is not so far off
Thu Apr 30, 2015, 06:39 PM
Apr 2015
http://www.democraticunderground.com/10026596579

JM Greer contends that as time goes on the risks and costs of using the Internet for so many things will grow to the point where people will choose, for reasons of economy and safety, to avoid using the Internet for financial transactions.

It’s crucial to remember here, as noted above, that the internet is simply a cheaper and more convenient way of doing things that people were doing long before the first website went live, and a big part of the reason why it’s cheaper and more convenient right now is that internet users are being subsidized by the investors and venture capitalists who are funding the internet industry. That’s not the only subsidy on which the internet depends, though. Along with the rest of industrial society, it’s also subsidized by half a billion years of concentrated solar energy in the form of fossil fuels. As those deplete, the vast inputs of energy, labor, raw materials, industrial products, and other forms of wealth that sustain the internet will become increasingly expensive to provide, and ways of distributing kitten pictures that don’t require the same inputs will prosper in the resulting competition.

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