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British economist Colin Clark (1905-1989) explained that the spendable income for the working class varied according to industry levels, i.e., the spendable income increased as they moved from the Primary industry to the Secondary from the Secondary to the Tertiary. These days when we are experiencing loss of jobs due to the cutting-edge ICT (Information and Communications Technology) of the 21st century without creating new jobs to replace them, we need to examine new economic and labor policies as we move from the Tertiary to the Quaternary industry. more
In my first CircleID post, I compared the cyberspace to a farmland, which has to be cultivated and developed. I ended by asking: Where is cyberspace? I have asked this same question from many people, many of whom are internet experts. They all said the cyberspace is in the computers, networks, or servers, or the Internet itself. I agree with these cyberspace ideas. In addition, my opinion is a bit different. more
Fourteen years ago, we had so much hope at the start of a new century. We thought the global economy was going to improve a lot because of the emerging Internet technologies. But where are we today? What has happened in the last 14 years? We know that even advanced countries are suffering from economic difficulties today. What happened to these advanced countries with high speed Internet? more
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