The Internet: Business Booster or Buster?

Newsweek’s Daniel Lyons took a look at the disruptive force that the Internet threw into the business world in the first decade of the 2nd millennium. Agree or not, he does make some interesting and valid points.

Remember all that crazy talk in the early days about how the Internet was going to change everything and usher us into a brave new techno-utopia? Well, to get to that promised land, we first have to endure a period of what economist Joseph Schumpeter called "creative destruction," as the Internet crashes like a tsunami across entire industries, sweeping away the old and infirm and those who are unwilling or unable to change. That’s where we’ve been these past 10 years, and it’s been ugly.

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