Growing Pains

As stocks fall, temperatures rise and the temptation is to toss the so-called “new economy” out with other old failures.

Admittedly, the current condition is volatile. Nasdaq has hit a modern-day (24-month) low. Speculative in vestors are jumping off the bandwagon because they have made their easy money.

Dot-com is bad. Technology is bad. Content, community, commerce is bad. Internet is bad. Brand spending is bad.

But the “next” economy can draw on lessons from the old “new” economy, the chief of which is keep the baby while disposing of the bathwater.