New York Magazine

The early rise of the internet is usually told as an extension of globalization. New networking technology made instantaneous communication possible, complementing and accelerating international commerce and cultural exchange. As in the rest of the world economy, the U.S. was unusually influential online, exporting not just technology but culture and political norms with it.

For the past year, the political class has been wearing itself out over what sounds like a simple question: Why are Americans so down on the economy? One point of agreement is that core indicators seem to have diverged from how people report actually feeling about the economy or are insufficient to explain such things in the first place.