An overly simplistic analysis. To say that "Consumer gains from the new websites are not high" is simply an exaggeration. Talk to all the people who can now earn money off unused space through Airbnb. Talk to the people who shop through Amazon or online because they hate having to go to physical stores. Talk to kids and adults who can access university courses online. Try doing online research in 1990 without Google. Try organizing political dissent without a visible broadcasted online community. Try keeping in touch with all your old high school friends without social networking. The list goes on and on.