by John Tamny
Real Clear Markets
What’s the most common “people” sight in any public place, anywhere? At this point in our evolution the answer is easy: hunched over individuals tapping away on smartphones.
It doesn’t matter one bit if the locale is rich or poor. The gadgets are everywhere.
The other day at the library your writer spied a homeless man, surrounded by presumably all of his worldly possessions. Those possessions included a smartphone. He had it hooked up to a power source outside the library’s main entrance.
Please think about this for minute or two. A homeless American man was charging a communications device that wasn’t available in capability and speed to the richest of the rich probably even five years ago. Certainly not ten.