The Coming Internet Depression: Why the High-Tech Boom Will Go Bust, Why the Crash Will Be Worse That You Think, and How to Prosper Afterwards - Hardcover

Mandel, Michael. J.

Hardcover

ISBN 10: 0465043585 ISBN 13: 9780465043583

Publisher: Basic Books, 2000

Synopsis

Predicts a severe recession in the near future surrounding the Internet, drawing comparisons between the economy of today and that of the 1920s while explaining how investors, workers, and businesses can survive and recover. 40,000 first printing.

About this title

Synopsis

The first journalist to herald the New Economy of the 1990s now predicts a stunning, sharp downturn: why it will happen, when it's coming, and what will happen afterward. . The economist most renowned for predicting the New Economy of the 1990s now returns-just as books like The Long Boom and Dow 36,000 are turning the idea of perpetual prosperity into conventional wisdom-to say that the dominating economic event of the next few years is likely to be a deep recession, perhaps even a depression. Michael J. Mandel begins The Coming Internet Depression by explaining why just such a depression is not only possible but increasingly likely. His explanation is based in a comparison of the present period with the 1920s: both saw tremendous growth in GDP that was largely centered on the "hypergrowth" of a single industry-automobiles in the 1920s, information technology today. When this "hypergrowth" reverts to a normal growth pattern, as the automobile industry did in 1929, the resulting overcapacity will slow down the entire economy. Mandel addresses three key questions: When will the Internet Depression start? How will we know when it's coming? How bad will it be? Finally, he shows how investors, workers, and businesses can navigate the bad times safely and prosper in the long recovery that will follow.

Edition details

• Publisher: Basic Books
• Publication date: 2000
• Language: English
• ISBN 10: 0465043585
• ISBN 13: 9780465043583
• Binding: Hardcover
• Number of pages: 167