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Have We Learned from the New Economy?
prostoalex writes "The new issue of Fast Company magazine looks at the so-called New Economy in retrospect. There were some myths about the Internet that were not true, or could be considered true only partially in the brief history of the Internet boom, there were people who got burned and those who nicely cashed out and then there were those who had to start a new life because of the Internet."
I kept saying back theen that there never was no "New Economy". That it was all full of hot air. Everyone at the time thought I was not a 'team player' - an idiot. Billions of dollars of losses later, after the bubble burst, and the talking heads on TV still don't get it.
Nothing changed, just a bunch of syshters bamboozled many people out larges amounts of money. Rich got richer, poor got poorer and the guy in the middle got bent over.