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To: elpolvo who wrote (18716)	5/14/2000 11:10:00 AM
From: Brian K Crawford	Respond to of 35685

polvie, Thanks for the link to the Kelly Wired article.Very insightful stuff. A long read, but well worth it. I really like the phrase "Networked Economy" as a better description of what we are experiencing rather than "New Economy". "Networked" is a broad and recognizable trend that few could argue with. "New" invites a cynical reaction of "yeah right, that's what they say at the peak of every financial bubble". I came away with a new thought framework for assessing future investment candidates: 1. Does the management embrace and understand the networked economy? 2. Is the company or its service a beneficiary of growth in the networked economy, or is it a target? 3. Is the business structured in a way that it can morph with the continuous changes in the networked economy? 4. Does the company or its service have a chance to become a standard setter in the networked economy? (possible examples...Realnetworks, Qualcomm, Echelon). Thanks again. Brian

To: elpolvo who wrote (18716)	5/14/2000 3:09:00 PM
From: SOROS	Read Replies (1) \| Respond to of 35685

Thanks for the read. Now I am totally torn. How can there be two distinct and logical viewpoints for the same thing? Example: "A network is like a country. In both, the surest route to raising one's own prosperity is raising the system's prosperity. The one clear effect of the industrial age is that the prosperity individuals achieve is more closely related to their nation's prosperity than to their own efforts. The net is like a country, but with three important differences: 1) No geographical or temporal boundaries exist - relations flow 24 by 7 by 365. 2) Relations in the Network Economy are more tightly coupled, more intense, more persistent, and more intimate in many ways than those in a country. 3) Multiple overlapping networks exist, with multiple overlapping allegiances. Yet, in every network, the rule is the same. For maximum prosperity, feed the web first. " Does this not mean that AOL's business plan with a closed network is doomed to fail? Are they not going about "the Internet" in direct opposition to the way in which this fellow is saying the Internet must inevitably go?