Douglas Rushkoff : Release of new iPhone is being touted as a big boost to the economy . But it's not really that, and it's actually going to hurt us more than help. They obsolesced themselves as a viable format ( mostly by being slow and boring ) even before networking speeds made disks irrelevant . He says much of growth comes from carriers subsidizing subscribers ' purchases . Rushkoff : Developers , investors obsessed with iPhone . Like other tech booms , it too will pass .
Douglas Rushkoff : Release of new iPhone is being touted as a big boost to the economy . But it's not really that, and it's actually going to hurt us more than help. He says much of growth comes from carriers subsidizing subscribers ' purchases . Rushkoff : Developers , investors obsessed with iPhone . Like other tech booms , it too will pass .