Now in the decade of the 2000s it will be the internet and cheap web hosting . The technological marvel of the internet will not save capitalism from crisis of ecommerce web hosting, just as the railroad did not in 1880s and the automobile did not in the 1930s. Indeed, for some very good reasons, it will exacerbate the inevitable slump in capitalist prosperity. The first reason is that, just as the budget web hosting railroad and automobile before, the internet is drastically lowering costs. But this is a huge deflationary force on capitalist companies' ability to keep up prices.
Salvation from the crisis?
Now in the decade of the 2000s it will be the internet and cheap web hosting . The technological marvel of the internet will not save capitalism from crisis of ecommerce web hosting, just as the railroad did not in 1880s and the automobile did not in the 1930s. Indeed, for some very good reasons, it will exacerbate the inevitable slump in capitalist prosperity. The first reason is that, just as the budget web hosting railroad and automobile before, the internet is drastically lowering costs. But this is a huge deflationary force on capitalist companies' ability to keep up prices.