[Nettime-bold] Re: <nettime> Ruins of a new economy

["Content-Wire.com" <PGalaxy@compuserve.com>]

I have been waiting for a new  age for a long time. Patiently.

When  I could do my job and communicate with the universe without moving
from home, and
possibly to live in a nice healthy place far from polluted cities and mad
crowds.

Now, this is happening for me, slowly but surely. 

I believe what has died is the absurd speculation of those who overvaluated
and ramped 
trying to make millions about the new economy. It's a good thing those
frauds went down quickly.
Most of them were ill conceived and badly managed projects that were using
the wrong technology.

I hope to find the time soon to publish the whole story, 

The new economy is the sum of all microeconomies  that use the internet to
carry out their processes and be competitive. It is doing fine and it will
grow fast.
The ruins that we are looking at, in my opinion, belong to those projects
that were camouflaged
under new economy label, but that were very old traditional speculative
methods.

I think the internet deliver efficiency, and the death of the speculative
projects is 
a part of that process.

Here are excerpts from a posting
to noweurope that summarise where I see the new economy has a role, a vital
one, for many of us



.... QUOTE, POSTED AROUND MARCH 2000 ON NOWEUROPE.COM

I urge people to rethink what we are here for; to change the way things are
done.
( Let me know if I am in the wrong list now, that  was the mission when I
joined)

There are many new economy lessons to be learnt from the doom ....

The concept of new economy is still largely undefined, and there is a lot
of work to be done.
Some of the most inefficient market forces may be very resiliant to change,
and I believe they are responsible, in part, for some of  the failures that
we are seeing.

The networked society and the online economy represent 
one of the major shifts of our times, as predicted in some form by some 
luminaries (and visionaries) about a decade or two ago,

The paradigm - if you forgive me the usage of a much abused word - is still
largely unexplored, and in my opnion, distortions and 'vices of form'
are corrupting the model even before it is implemented.

(Let me know if what I say is too complicated or incomprehensible in any
way, I can change register and try to make myself clearer if necessary)


Some of the new economy  principles I advocate, just in case
someone wants to dispute them:

Use the internet to carry out business processes
Be lean  and efficient (diy if you can)
Be your own boss/participate in ownership
Keep  hands on, at all times
Share knowledge and tasks thorughout the user base
Save the planet!

Well,  new economy means a lot to me, and many others
whose businesses are, or will be, online only.

.....

Approximately  one year ago I was sitting in the city drinking a coffe
with an editor friend of mine, he does investment news.
Lastminute.com had just been floated and was hurting bad.

I said "N, I think someone in the city is ramping up the dotcoms and make
them fail because they dont want things to change"
"N. said I think so too" We never disucssed this again.
We know how things are.

The fact that all the major banks and corporate investors  have started
investing 
in new economy may be part of the problem. I do not have ha problem with
good
money , quite like the power it gives me when I have it actually, 
but most of the money has been around so many times, it is so dirty.
(dust, blood, cocain, gunpowder, depleted uranium, you name it)

Do you think investors want things to change? Why would they?
They just want more money, that's all. And their greed corrupts the seeds
of change.

The debate about having a good healty sustainable economy that
lives within ethics is a long standing one, and I shall not continue it
here.
But I include 'save the planet' in my commandments for the new economy
(because by not travelling to work every morning I save fuel and pollution,
and paper)

 ......

long live the internet

pdm






_______________________________________________
Nettime-bold mailing list
Nettime-bold@nettime.org
http://www.nettime.org/cgi-bin/mailman/listinfo/nettime-bold