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Fallacy of the Digital Economy - A Critical Perspective on Digital Economy in the Context of ICT

  • The Fallacy of Infinite Growth: The belief that digital platforms can scale indefinitely overlooks the physical and environmental constraints of IT infrastructure.
  • The Fallacy of Democratization: While the digital economy promises to level the playing field, large tech corporations dominate and stifle competition, creating inequality.
  • The Fallacy of Job Creation: The digital economy has led to job displacement and exploitation, despite the creation of new roles in IT fields.
  • The Fallacy of Privacy and Security: The digital economy's reliance on data collection and vulnerability to cyber threats poses risks to privacy and security.

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