| The New Economy? You Ain't Seen Nothin' Yet. By Alvin and Heidi Toffler (extracted from the article that appeared in the Wall Street Journal) Faced with a panicky financial plunge, America, it would appear, is awash in I-told-you-sos. I told you these stock prices were too high. I told you what goes up must come down. I told you there was nothing behind all those dot-com IPs. Now comes Michael Porter's Harvard Business Review articel in whichhe says "Even the phrases 'new economy' and 'old economy' are rapidly losing their relevance, if ever they had any." In the frenzy of the immediate, we may blind ourselves to the larger, more imporant relatiy. 'Yes, Virginina, there is a new ecomomy, and it's just getting ready to launch its next phase.' |