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Article: Here's to the New New Economy.(Editorial)
- Article from:
- Chief Executive (U.S.)
- Article date:
- April 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Chief Executive Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's amazing how much the media -- especially the so-called new economy media -- can learn in a year.
Just a year ago, of course, most of the readers of this magazine (and traditional journalists like me) were, in the eyes of the new economy media, dinosaurs -- old-line thinkers doomed by the meteorite of e-commerce. The new economy media had discovered a new form of capitalism, it told us, one in which businesses -- or at least e-businesses -- didn't need profits, or even revenues, to succeed. Nevermind that this theory was contrary to everything ever written about economics. In something called the new economy, these breathless experts told us, traditional ...