What 'New' Economy?
As the 20th century ends, legions of the powerful--politicians, intellectuals, journalists, business leaders, and visionaries--are embarking on what can only be called pilgrimages. They are traveling to an arid promised land between San Francisco Bay and the Pacific Ocean, some 40 miles south of San Francisco: Silicon Valley. They invariably return with visions of a technological and economic future full of endless promise. Their exuberance should give us pause.
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Chronologically Incorrect
Seventy years ago, W. I. Thomas and Dorothy Swaine Thomas proclaimed one of sociology's most influential ideas: "If men define situations as real, they are real in their consequences." Their case in point was a prisoner who attacked people he heard mumbling absent-mindedly to themselves. To the deranged inmate, these lip movements were curses or insults. No matter that they weren't; the results were the same.Present at the Creation
The new very broadband high capacity networks . . . ought to be built by the federal government and then transitioned into private industry.--Vice President-elect Al Gore, at the December 1992 postelection economic summit in Little Rock


