Cynicism Is The Last Refuge Of Those

In A World Where Routine Production Is Footloose...competitive Advantage Lies Not In One-time Breakthroughs But In Continual Improvements. Stable Technologies Get Away.

You And I And Almost All Americans Are Beneficiaries Of The New Economy. But We Are Also Losing Parts Of Our Lives To The New Economy - Aspects Of Our Family Lives, Our Friendships, Our Communities, Ourselves.

In The '90s It Was Irrational Exuberance. Now It May Be Irrational Doom And Gloom.

It's Almost As If We Have Two Lobes In Our Brain. There's The Consumer And Investor Mode, And We're Doing Better And Better At That Lobe. But At The Producer And Seller Mode, We Have To Work Harder And Harder. And The Better We Do As Consumers And Investors - The Easier It Is For Us To Choose Something Better, To Exit Every Commercial Relationship - The Harder We Have To Work As Sellers And Producers. One Follows From The Other.

Most Americans Are On A Downward Escalator. Median Wage In The United States, Adjusted For Inflation, Keeps On Dropping.