Quote from: 101100100110 on June 20, 2011, 08:05:28 PM

From the point of view of the rich, yes, that is what I am saying.

To the rich, the net has provided new avenues for venture capital, and expanded the opportunity for investment in net-related technologies, but these by and large have been bubble investments. And the rich were already profiting from bubbles - for example, nobody needed the web to invent mortgage-backed securities. Generally, very little change there.

Sure, there are exceptions, but by and large, the "immutable bylaws of business" have continued to accrete capital to the rich. In 1996, the wild-eyed among us were certain that capital itself was being democratized and decentralized (such as Bitcoin/P2P cryptocurrency is often said to be doing). That is, to say the least, not the case a decade and a half later.

well, thats merely side of the coin now isn't it. I do beleive it(our beloved internet) has atleast mildly shrunk the gap and allowed many people to elevate themselves, and made it much cheaper for the little guy to try and get ahead, share information, get around the big bad fortune 500'ers and other rich fat cats.

many of the rich are rich for a reason, they are ruthless and/or smart and of course use new tech to stay richer