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The digital disruption of productivity

[…] too is the rapidly growing phenomenon of the “sharing economy”, a loose term describing digital platforms ranging from local time banks or swap schemes, through peer-to-peer financing and freelance employment websites, to giant companies such as Airbnb. […]there has been declining investment in commercial real estate, a component of business investment and therefore GDP. In the chart below, the scale is logarithmic, so it shows the speed of decline in the price of computer processing is still exponential, in line with Moore’s Law-based on an observation by Intel cofounder Gordon Moore in 1965, that the density of transistors in integrated circuits (and hence computing power) would roughly double every two years.