• About
  • Archive
  • Privacy & Policy
  • Contact
Dana Blankenhorn
  • Home
  • About Dana
  • Posts
  • Contact Dana
  • Archive
  • A-clue.com
No Result
View All Result
  • Home
  • About Dana
  • Posts
  • Contact Dana
  • Archive
  • A-clue.com
No Result
View All Result
Dana Blankenhorn
No Result
View All Result
Home Broadband Gap

The Deep Breath Before the Plunge

by Dana Blankenhorn
June 5, 2006
in Broadband Gap, Communications Policy, Current Affairs, economics, economy, network neutrality, political philosophy, politics
2
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

DeficitThe generational crisis needed to effect major changes in how we view the world is coming. (Image from the blog of Stu Savory, from a 2003 post.)

But it is not here yet.

Iraq is horrible. Katrina was horrible.  The Bush Administration spying program is horrible.  And public opinion, right now, is very negative.

It’s the deep breath before the plunge.

The crisis that will set off changed assumptions will be an economic one. Right now we can afford Iraq, and the tax cuts, because the economy continues to grow. But that is about to change. Rising interest rates are already sinking real estate markets, and plunging dollar values will do in the stock market.

The process has barely begun. The last few weeks’ near-200 point falls in the Dow Jones Industrial Average are mere harbingers of what is to come.

I hate to  be a Gloomy Gus, but according to all recent polls most of you agree with me. Optimism about the economy is at a low ebb. 

The real question we have to face is how do we get this economy re-started, once it stalls. And the answer, as I’ve said before, lies in open source, in Internet values. China is taking away our industrial economy. Our only alternative is to build a post-industrial economy. And the velocity with which ideas travel and grow is key to success in building such an economy.

We can’t grow a post-industrial economy with a Chinese Internet. If people are constantly watching what they say and who they connect with, they are going to censor themselves, and good ideas are going to be left unthought.

We also can’t have a post-industrial boom if our bits are being hoarded, or if the government
assumes that every one of us has to be watched because we might be
terrorists. You don’t get intellectual growth in such an environment,
you get stagnation.

We can’t succeed with a Mexican Internet, either. We can’t succeed with
a monopoly, or duopoly, which sets prices for basic services above what
most can pay, merely for the enrichment of a few oligarchs. That’s what
Mexico has
, in Carlos Slim. That’s what its people are fleeing.

So the time to talk about these Internet issues, and these Open Source myths and values, is coming.

But it’s not here yet. And if you’re disappointed over the next few
months by the performance of certain candidates, remember that.

Tags: ChinaeconomyInternet economicsInternet policyMexiconetwork neutralityopen source economicspost-Bush economy
Previous Post

The New Book Publishing Business

Next Post

The Value of Telecommuting

Dana Blankenhorn

Dana Blankenhorn

Dana Blankenhorn began his career as a financial journalist in 1978, began covering technology in 1982, and the Internet in 1985. He started one of the first Internet daily newsletters, the Interactive Age Daily, in 1994. He recently retired from InvestorPlace and lives in Atlanta, GA, preparing for his next great adventure. He's a graduate of Rice University (1977) and Northwestern's Medill School of Journalism (MSJ 1978). He's a native of Massapequa, NY.

Next Post

The Value of Telecommuting

Comments 2

  1. Jesse Kopelman says:
    20 years ago

    When you wrote that novel with Mark Cuban getting all the smart people to move to Africa, I thought it was pretty far fetched. Now I don’t know. It seems like many of things that made America great are under attack here and blossoming elsewhere in the world. The Religious Right may very well get the America they want, as most of the sensible people leave for greener pastures. Then again, it is far from too late to turn things around here. The next 10 years will be telling.

    Reply
  2. Jesse Kopelman says:
    20 years ago

    When you wrote that novel with Mark Cuban getting all the smart people to move to Africa, I thought it was pretty far fetched. Now I don’t know. It seems like many of things that made America great are under attack here and blossoming elsewhere in the world. The Religious Right may very well get the America they want, as most of the sensible people leave for greener pastures. Then again, it is far from too late to turn things around here. The next 10 years will be telling.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Post

Ask Not What AI Can Do to You

Ask Not What AI Can Do to You

December 4, 2025
Four Days a Week

Fire Andy Jassy

December 3, 2025
The Coming E-Bike War

An E-Moto Is Not An E-Bike

December 2, 2025

Defending the Netherlands

December 1, 2025
Subscribe to our mailing list to receives daily updates direct to your inbox!


Archives

Categories

Recent Comments

  • Dana Blankenhorn on The Death of Video
  • danablank on The Problem of the Moment (Is Not the Problem of the Moment)
  • cipit88 on The Problem of the Moment (Is Not the Problem of the Moment)
  • danablank on What I Learned on my European Vacation
  • danablank on Boomer Roomers

I'm Dana Blankenhorn. I have covered the Internet as a reporter since 1983. I've been a professional business reporter since 1978, and a writer all my life.

  • Italian Trulli

Browse by Category

Newsletter


Powered by FeedBlitz
  • About
  • Archive
  • Privacy & Policy
  • Contact

© 2023 Dana Blankenhorn - All Rights Reserved

No Result
View All Result
  • Home
  • About Dana
  • Posts
  • Contact Dana
  • Archive
  • A-clue.com

© 2023 Dana Blankenhorn - All Rights Reserved