The new economy is a global economy favoring intangible things: ideas, information, and relationships and is intensely interlinked. Today, the new information based sector occupies over 15% of the total US economy. In the postindustrial society, communication has become the economy and the cultural, technological, and conceptual impacts reverberate at the roots of our lives. The financial sector has reshaped the economy; the financial sector ownership involves only a small number of people; the financial innovations include: mortgages, insurance, venture funding, stocks, checks, credit cards, and mutual funds; the financial sector has given rise to corporations, market capitalism, the industrial age, and has influenced how all business has been done. Since communication is the economy, the net is the future. The net has accelerated in usage due to the increase in silicon chips and fiber optic data transmission; the net is weaving lives, minds, and artifacts into a global scale network; the result is the swarm of information, reticulating the surface of the planet; the new economy will increasing obey the logic of the networks and understanding the network will be the key to understanding how the economy works. In 1997, there were 6 billion non-computer chips and by 2005 the predicted usage was at 10 billion.[Learn More ...]

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