My point is, COBOL is responsible for a really small % of said value per value transaction between me and said services. Linux, [Oracle/My]SQL, Java, JavaScript, C, anything from router firmware to Intel cpus powering the VMs is more relevant than said COBOL code.
So saying COBOL powers the global economy is indeed a stretch. Want to say Linux powers it? True, Intel powers it? True. COBOL... not so much. Imagine rewriting every COBOL system in the world, now change that into replacing all Intel cpus, ~~SQL~~ OracleSQL or MySQL databases or Linux kernels...
Edit: saying "SQL Databases" makes as much sense as saying "procedural programming languages", updating it to make more sense
So saying COBOL powers the global economy is indeed a stretch. Want to say Linux powers it? True, Intel powers it? True. COBOL... not so much. Imagine rewriting every COBOL system in the world, now change that into replacing all Intel cpus, ~~SQL~~ OracleSQL or MySQL databases or Linux kernels...
Edit: saying "SQL Databases" makes as much sense as saying "procedural programming languages", updating it to make more sense