BOOM.
Wasn't Trump calling for DOW 100,000?
Who is Don Tapscott…in 2018…
What's the small company with the big new routing idea?
If in 2000 it was all about monetizing data, then now it's all about returning the value of monetized data back to the original owners.
https://web.archive.org/web/20170828185028/https://www.washingtonpost.com/archive/business/2000/07/13/the-bigger-boom-to-come/9738b16a-1ac0-4581-a9b3-5ac286b19482/
The Bigger Boom to Come
By Leslie Walker July 13, 2000
Looking for relief from the doom and gloom surrounding the fall of dot-coms on Wall Street? A couple of new books might revive your optimism about the Internet age.
These bright-side tracts may strike traditionalists as economic snake oil, but their view of the e-revolution is refreshing in this time of doubt.
"MetaCapitalism" hits bookstores this month, promoting the idea that the long economic expansion of the 1990s was merely prelude to a longer hyper-growth era that will make businesses more productive and create a prosperous worldwide middle class.
"When the dust settles, this will be considered an extremely positive move forward for the U.S. economy and the global economy," says Grady Means, the D.C.-based partner at PricewaterhouseCoopers who wrote the book with David Schneider.
The two contend a Moore's Law of economics will create geometric rather than arithmetic growth, allowing the world's wealth to increase tenfold in less than a decade. Dow 100,000, anyone?
Their view dovetails with "Digital Capital," a book released in May in which consultant Don Tapscott says emerging online business networks are creating a new kind of "intellectual capital" that will be to the digital economy what money, land and physical resources were to the industrial and agrarian economies.
There's nothing new in the notion that the Internet is boosting productivity and creating new economic paradigms. But these books take a stab at mapping the amorphous business networks now forming online. Means predicts these networks will firm up over the next 18 months, revealing the biggest winners of the digital age.
Both books make a core point that is gaining steam among business thinkers everywhere: In the new economy, corporations don't need to make or own as much of what they sell. They can achieve higher growth rates and profit margins by spending less money internally and leveraging more spending by partners, which do things more cheaply by communicating via the Internet.
Tomorrow's global giants, therefore, will be companies that shed their autonomy and form digital networks to perform work they once did themselves. The authors see the heart of business moving from inside the corporation to external networks of suppliers, producers and customers. These networks–called business webs by Tapscott and value-added communities or metamarkets by Means and Schneider–are an important new business species that the authors suggest will supplant the traditional firm. "In the New Economy, the network will be the business," Means and Schneider write…..