I try NPR on my office radio, to see if the Sunday evening BBC broadcast is on yet. There, people are talking about social problems on Native American reservations. Inspiration strikes I remember the Internet. As I cut that quote out of the BBC site and paste it into my column, I am struck with the fact that the Internet is so powerful it impacts everything I do while simultaneously being at the center of the current economic turmoil of public equity markets worldwide. I am sad that my colleagues seem in a rush to declare the end of civilization as we know it.
Man bites dog.
Our local San Francisco newspaper, despite noting that the actual percentage of the market drop is in the single digits, not the 20 plus percent range of 1987, nevertheless reports that financial markets are at a meltdown. Depressing, because day after day here at Upside, CEOs walk through our doors and tell us of the changes they and their companies are making to the world's economy. Despite my own tough eight years helping to launch the multimedia and online industries, I have the perspective to know that the Internet has and is bringing the world's economy new prosperity and stability. I don t follow the market day to day. Up or down is not a concern to me, nor to the millions of people doing real work to help our economy evolve.