While I agree that the internet has a huge impact on the economy, I don't think there's reason to believe it changes it in the way you seem to imply. In the absence of any very convincing argument to the contrary, the historical view seems very likely to be correct.
Pray tell, how do you mean the internet would make deflation favour the poor? I fail to see any mechanic or theory that would support the notion.
Unfortunately, the history of an inflationary economy not backed by any scarce asset is extremely short. Given our technological level and the amount of poverty, I would say it has been an abject failure. Society moves forward in spite of it, not because of it.
I can only share my opinions with you. If you need more, I’d recommend taking a walk through the poorest neighborhoods of your nearest big city and report back on how well an inflationary economy is working for those people. In an age of lightspeed comms, automated industry, a machine economy, etc., it is an embarrassment and gross negligence that any poverty exists anywhere on Earth, let alone at the mass scale it currently exists. At this technology level it is very difficult to have the level of poverty we have, but our inflationary economy somehow manages to make it happen.
If you can’t see it with how obvious it is, not much I can say to you. I’d recommend psychedelics to get started on the path towards having basic eyesight.
Pray tell, how do you mean the internet would make deflation favour the poor? I fail to see any mechanic or theory that would support the notion.