The Internet has had a powerful impact on the economic fabric of the United States. Entrepreneurs who led the early adoption charge became millionaires and billionaires in relatively little time. New phraseology developed – and has now become common-place – to describe components of the e-commerce phenomena. Our lexicon has transformed companies that were once “blue chips” into “old-economy” firms and placed them in a battle for their economic lives with the “new-economy dot-coms.” Speculation, some of it irrationally exuberant, abounds around the role that the Internet will play in shaping – and reshaping – companies, industries and the economy in the future.
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