The Internet? Bah!

Check out this hilarious 1995 Newsweek article by Clifford Stoll entitled The Internet? Bah!. Boy did he guess wrong. My favorite excerpt (my comments are in bold):

Then there’s cyberbusiness. What is cyberbusiness? We’re promised instant catalog shopping–just point and click for great deals. We’ll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obselete. Right. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Malls are going bankrupt all over the country. Even if there were a trustworthy way to send money over the Internet–which there isn’t–the network is missing a most essential ingredient of capitalism: salespeople. Economists have been wrong this whole time, salespeople are the key to capitalism, not competitive free markets!



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