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The Detail – a podcast from RNZ/ Newsroom: Smart phones: Why they’re wrecking the economy ( Adam finds this claim rather strange)

15/05/2019

A Podcast from RNZ and Newsroom 

Newsroom Pro’s managing editor Bernard Hickey says billions of people are carrying a deflationary engine in their pocket.

“They’ve effectively driven down prices in all sorts of areas,” he says.

Take taxis, which are being replaced with Uber or Zoomy that connect to drivers and share rides in a way that reduces cost. In turn that has has driven down the cost of transport, and competes with public transport.

We send messages – free – with WhatsApp. Airbnb has introduced a whole new supply of rooms into the hotel market and depressed prices there. There’s no need to buy a camera any more – you can use the one on your phone.

.MORE AT LINK

The topics are getting better

According to Newsroom,

Newsroom has been commissioned by the RNZ/NZ On Air Innovation Fund to produce a new daily news podcast designed to explain the stories behind the headlines. 

Called ‘The Detail’, it aims to help listeners dive deeper into the big stories to help give an understanding of what’s really going on. We will pick out the news that matters and explain it in detail and in context.

The Detail will be fronted by journalists Sharon Brettkelly and Alex Ashton, and produced by Alexia Russell. We will be drawing on not only Newsroom’s award-winning journalists, but the best reporters from throughout the country; along with experts in their fields.

I wonder rather than call smartphones deflationary, perhaps a better viewpoint is that they have been a massive technology disrupter which has enabled opportunities for both entrepreneurs and individuals

I think the headline is rather strange. Surely, causing prices to reduce or stay steady and introducing competition is a positive – especially given all the other cost imposts we face.

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