Interesting People mailing list archives
IP: 'New Economy' Is a Thing of the Past
From: David Farber <dave () farber net>
Date: Mon, 24 Sep 2001 18:47:31 -0400
Are there other views Ipers could sed djf
Date: Mon, 24 Sep 2001 10:37:25 -0700 Subject: 'New Economy' Is a Thing of the Past From: Bret Fausett <fausett () lextext com> To: <farber () cis upenn edu> One view of our economic/regulatory future. -- Bret ------- THE FINANCIAL FALLOUT 'New Economy' Is a Thing of the Past By PETER G. GOSSELIN and JUBE SHIVER JR., TIMES STAFF WRITERS WASHINGTON -- For a little over a decade following the fall of the Berlin Wall, America lived without serious threat. The result was a U.S. economy that could devote itself single-mindedly to churning out better video games, bigger houses, wild start-ups and improved lives. But a growing number of economists have concluded that much about those happy times will prove to be casualties of the mid-September airliner attacks on New York and the Pentagon. The "new economy," already tattered before the assaults, is dying. In its place will emerge a shadow war economy. Many of these analysts see government, whose role waned in the last decade, returning with a vengeance as warrior, regulator, economic manager, big spender. The private sector, whose entrepreneurial enthusiasms defined the passing age, will become more corporate and controlled. And the new economy--the deregulated, wired, just-in-time, globalized new economy of the '90s--will be gone. http://latimes.com/news/nationworld/nation/la-000076318sep23.story?coll=la%2 Dheadlines%2Dnation
For archives see: http://www.interesting-people.org/
Current thread:
- IP: 'New Economy' Is a Thing of the Past David Farber (Sep 24)