Two Economies

I think there really is a New Economy. But I think there's still an Old Economy too.

There seem to be 2 economic cultures in America. There's the Old Economy: mechanistic, hierarchical, based on efficiency, low-cost (low-wage), and high scale (Scale Vs Consolidation). Then there's the New Economy, which is organic/chaotic/dynamic, small-scale, quality-oriented, networked, life-as-PerformanceArt, etc. (Creative Class, BoBos, The Craft). Both "forces" or trends seem to be getting stronger at the same time.

What will this mean in the future? Increasing income disparity (and more importantly, less fluidity)?


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