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The central fact that The Times failed to note: The share of our economy devoted to moving bits — ideas and information — is already bigger than the share associated with moving people and stuff.
If we add up everything involved in transporting stuff and people – from making and using cars and airplanes, from F150s to Norfolk Southern andFedEx – it accounts for roughly a half trillion dollars of America’s GDP.
By comparison, accounting for everything associated with information – from digital movies and server farms, from iPhones and Intel, to health records and data mining – we find two trillion dollars of our GDP. All that, it should be obvious, requires a vast infrastructure.
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The liberals will now have to shift from trying to control the miles per gallon of vehicles to the enegy consumed by the digital revolution. Imposing draconian restrictions on this industry will be more difficult, but the NY Times is already moving the green lobby in that direction.
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