Paul Krugman Internet Prediction

Text on the meme

"By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's." Nobel Prize-winning economist Paul Krugman 1998

What it means

A close-up portrait of economist Paul Krugman appears above a quote from 1998 predicting that the Internet would have no greater economic impact than a fax machine. The joke is that the prediction was dramatically wrong, making this a reaction meme about failed forecasts and technological underestimation. EN: A close-up portrait of economist Paul Krugman appears above a quote from 1998 predicting that the Internet would have no greater economic impact than a fax machine. The joke is that the prediction was dramatically wrong, making this a reaction meme about failed forecasts and technological underestimation.

Who

Paul Krugman (Пол Кругман)

Objects

man / мужчина gray-haired man / седовласый мужчина beard / борода mustache / усы suit jacket / пиджак necktie / галстук portrait photograph / портретная фотография printed quote / напечатанная цитата Internet reference / упоминание интернета fax machine reference / упоминание факса dark blue background / тёмно-синий фон white text / белый текст