...on a scale never seen before on Earth. But the network economy is not utopia. It is a unique phase of economic development much like adolescence--a thrilling, disorienting, and never-to-be repeated time. The planet can progress only once through the stage when it is first completely wrapped by networks of thought and interaction. We are now at that moment when a cloak of glass fibers and a halo of satellites are closing themselves around the globe to bring forth a seamless economic culture.
This new global economic culture is characterized by decentralized ownership and equity, by pools of knowledge instead of pools of capital, by an emphasis on an open society, and, most important, by a widespread reliance on economic values as the basis for making decisions in all walks of life.