The Bandwidth Dilemma: Coders vs. E-CEOs
EMlNEM sent an interesting talking piece that's currently running on Cryptome. It's a look at some of Leadbeater's work and what the "new Internet" is and what it is supposed to be. Katz did a take on this recently called The Myth Of the Tech Slump, which IMHO, was much better.
So it didn't fail because people who rushed into being a dot.com with a plan no more complicated than "We want to make money online and fast, we don't care how". I failed because of all the geeks and nerds and their technology? Wow.
Frankly, the idea that the Internet "failed" because pets.com didn't crush your local pet store is kind of silly. As a geek, the Internet is still chugging along nice for me. And even for my non-geek friends, the continued growth in websites for research papers and entertainment, communication through instant messengers and email, and online gaming galore, means that the Internet hasn't failed for them either.
Maybe it's just my lack of business experience, but this author sounds like someone who's upset that eCommerce wasn't all it was cracked up to be, and now wants to create the "next big thing".