Meanwhile, history's most entrepreneurial generation is coming out of college. Old barriers crumble, making connections and creativity more important than capital. In manufacturing, new economies of locality are beginning to conquer old economies of scale. In Dillon, Mont., Great Harvest Baking is testing a complete scratch-bread retail bakery in 258 square feet. Big firms sell processed food overseas, but Ibberson Inc. of Minneapolis helps countries make their own.
Technology creates far more opportunities than it eliminates.
From a house in Cloverdale, Ind., Terry Moore's Water Treatment Warehouse pulls in millions annually selling chemicals via the Internet, undercutting huge rivals with their costly staffs.