The new economy is no more about technology than the California gold rush was about shovels. Technology does not create change-it enables, it creates opportunities, it multiplies. There are still plenty of people who don't believe that, either because they honestly don't see the changes or don't want to. Ultimately, and perhaps ironically, the technology-accelerated new economy is even more deeply founded in human values than the industrial economy which went before. Machines, not people, drove the industrial revolution the steam drill sent pile-driving John Henry to his early grave.
People change slowly.
It will be generations before we truly take the a global networked economy for granted, and only then will we see the full value of it in every sense of the word. And even when a Schumpeterian reckoning comes, the genie does not go back into the bottle. The new economy is powerful because it saves money and time, boosts productivity and creates better products and services. That will be true, bull market or bear, hard times or flush. The first Baron Rothschild famously advised selling on the trumpets and buying when blood ran in the streets.