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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--Vice President-elect Al Gore, at the December 1992 postelection economic summit in Little Rock