Guest Post by The Zman
Way back at the dawn of the internet age, the people paid to promote the interests of the ruling elite came up with the phrase “new economy” to describe the rise of electronic commerce. The idea was that it was not just a different way of doing the same stuff, internet sites instead of catalogs, for example, but a new type of economics. The old idea of a business having a building, employees and profits, was being replaced by the virtual business that existed as idea on-line, without a defined physical presence.
