How the Internet is Killing Our Economy

[WhiskeyGirl]

The United States is facing the most challenging economic crisis since The Great Depression of the 1930's. And if you ask me, the greatest technological invention ever, the Internet, is in no small part responsible. In fact, I believe the Internet is not only killing our economy, it's shredding our social fabric as well.

I'll say it again: free sucks. Nobody can make money by giving their products an services away for nothing. There can be no profit without revenue. And without revenue all you have is expense, which leads to bleeding red ink. The more people like Murdoch who wake up and smell the cyber-coffee, the sooner our economy and our once-thriving capitalist society can get back on track. When companies and individuals make money, they spend money. Just because a business operates online doesn't mean all that good old fashioned Wharton Business School stuff doesn't apply. Let's keep all the speed, the ease, and the efficiency of the internet, but how about making people pay for it all, just like everywhere else? Duh...

read more here -
http://www.huffingtonpost.com/andy-ostroy/how-the-internet-is-killi_b_201365.html

Free is killing the economy.  I believe that cheap foreign wages are also killing the U.S. economy. 

"When companies and individuals make money, they spend money."  Think of Henry Ford, he raised wages and created a consumer class.

When Americans don't have jobs, don't have money, they can't spend on 'CHEAP' foreign good.

jmho

[WhiskeyGirl]

Is it possible that Barney Frank will help replace our troubled banking system with 'internet gambling' and credit cards?

You'll transfer money into your account by losing it via an internet gambling site.  Impossible to regulate from the U.S., so no one here is responsible for the rip-offs.

You can use a credit card instead of cash so you can spend well beyond your means and annual salary, and then go bankrupt.  No doubt, the bankruptcy laws will soon favor consumers, and it will be a quarterly event...