The New Economy

--The economic changes new technology has set in motion are more interesting
and important than the technology per se.
--The technology makes possible new forms of employment, new approaches
to compensation, and new ways of launching enterprises--what is
often referred to as a Silicon Valley System
--Note that this "Silicon Valley System" spreads across the country
and the world, with nodes in Boston, Austin, Helsinki,
Singapore, and elsewhere.
--Leading-edge users and their innovative applications have created the demand
and the markets that have sustained technological development.…