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The New York Times bestseller. "His book is a wake-up call at a time when many believe the net was a flash in the pan."—BusinessWeekWith his knowing eye and wicked pen, Michael Lewis reveals how the Internet boom has encouraged changes in the way we live, work, and think. In the midst of one of the greatest status revolutions in the history of the world, the Internet has become a weapon in the hands of revolutionaries. Old priesthoods are crumbling. In the new order, the amateur is king: fourteen-year-olds ...
The New York Times bestseller. "His book is a wake-up call at a time when many believe the net was a flash in the pan."—BusinessWeekWith his knowing eye and wicked pen, Michael Lewis reveals how the Internet boom has encouraged changes in the way we live, work, and think. In the midst of one of the greatest status revolutions in the history of the world, the Internet has become a weapon in the hands of revolutionaries. Old priesthoods are crumbling. In the new order, the amateur is king: fourteen-year-olds manipulate the stock market and nineteen-year-olds take down the music industry. Unseen forces undermine all forms of collectivism, from the family to the mass market: one black box has the power to end television as we know it, and another one may dictate significant changes in our practice of democracy. With a new afterword by the author.
A brave new world indeed . . . and who better to guide us through it than Michael Lewis, whose subversive, trenchant humor is the perfect match to his subject matter. Here is a book as fresh as tomorrow's headlines, and as entertaining as its predecessors.
|Introduction: The Invisible Revolution||13|
|1||The Financial Revolt||25|
|2||Pyramids and Pancakes||85|
|3||The Revolt of the Masses||151|
|4||The Unabomber Had a Point||211|
From Next: The Future Just Happened, by Michael Lewis.
Published by W. W. Norton and Company, Inc.
Copyright © 2001 Michael Lewis. All rights reserved.
The starting point for Next was my hunch -- acquired while working on The New New Thing, yet another book of mine that was successfully advertised as more of a business book than it was -- that the Internet was less a cause than an effect, and less about business than about status. Obviously, the Internet disrupted many business lives. The frenzy in the global stock markets that the Internet helped to create wasn't merely a speculative bubble. It was a sword-swallowing attempt by the financial market to ram down its own throat a lot of new ideas. Some of these ideas may have been preposterous (the fourth Internet pet food store), but most of them were either good ideas that were ahead of their time (online grocers) or good ideas right on time (online auction houses and booksellers and magazines) that were made to seem preposterous by the outrageously high value the stock market temporarily placed on them. Now -- six years after the stock market frenzy was triggered by the pubic share offering of an obscure California Internet browser company called Netscape -- the Internet business world is sobering up. It turns out that some businesspeople will still need to wear coats and ties. But it turns out also that corporate apparatchiks who four years ago were dismissing the Internet as a fad are now hastily redesigning their industries to harness the power of the technology, out of a deep certainty that if they don't, it will destroy them.
But, as I say, it wasn't the business end of things that caught my eye. The commercial upheaval that occurred between the fall of 1994 and the spring of 2000 was a subplot. The plot was cultural change, brought about by people who were unhappy with their assigned status, and who figured out they could use the new technology to improve that status. There was a status war going on out there -- between parents and children, bosses and flunkies, experts and amateurs. It was an old-fashioned human drama, waiting to be disguised as a story about business. (Michael Lewis)
Posted November 8, 2004
i think this book showed that the author had no idea what he was doing. he was picking his nose and trying to write at the same time. i think that is stupid and he needs to try again. thank youWas this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 29, 2002
This writer needs to just sit back and be Tabitha Soren's husband. This book really struck me as "I have to write a follow-up to The New New Thing ..what other subject can I exploit?" He really is more negative than he needs to be. I thought journalists were supposed to be (or at least appear to be) unbiased! Keep the subject matter, take out his comments, and you've got a better book than you have here. Maybe the BBC should have just used their data to write their own book!Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 29, 2002
Michael Lewis found some really interesting people to talk to in his quest to characterize the social impacts of the internet. However, in almost every story, his elitist perspectives on the situations or motives of these people eclipsed most of my enjoyment. (A great is example is how brutal he is to Bill Joy.) On top of this, the thesis is pretty shaky at best and is not argued with any real evidence. The argument goes something like: the typically young outsiders rebel against the system only to make a new insider system to rebel against... lather, rinse, repeat. The anecdotes are supportive of this thesis, but he just doesn't back his ideas up with anything more than these admittedly amusing stories. I really would've preferred just reading the stories with less pontification and social commentary.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted August 5, 2001
Posted August 5, 2001
Lewis continues to capture the social consequences of current public events in a highly readable fashion. As he did in Liar's Poker and others, he observes society at large and analyzes the inner workings of the most important ongoing changes. His writing gives great insight into the next 5-15 years of socio-economic development related to technology in the U.S..Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 14, 2001
Through Michael Lewis' research, we can see that the internet is truly a Wild Wild West. No longer is it all about making money, but about expressing opinion and fighting the establishment, at least until the outside becomes the establishment.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted July 24, 2001
Old elites beware! Your time is up! Become the new elite today! That's the message of this intriguing, fascinating, and thought-provoking look at what's already happened on the Internet. I not only thought that this is the best book about the social effects of the Internet, I also think it is by far Michael Lewis's best work. This book deserves many more than five stars as a result. The original idea was simple. There are all of these people making a big splash on the Internet as individuals. Let's go meet them in person and find out what's really going on. Believe me, it's different from what you read in the newspapers or saw on television. With the aid of a researching crew from the BBC, Mr. Lewis found that the cutting edge of the Internet revolution was going on with 11-14 year olds. Soon, it will probably drift lower in age. Because the Internet lets you play on a equal footing and assume any identity you choose, youngsters with guts and quick minds can take on major roles. Usually, their parents have no clue until adults or major authority figures start arriving on their doorstep challenging what the youngster is doing or seeking personal advice. The core of the book revolves around the stories of Jonathan Lebed who used chat room commentaries to help drive his $8,000 stake into over $800,000 in less than three years, Marcus in Perris, California who became Askme.com's leading criminal law expert based on his watching of court TV shows, and Justin Frankel who became an important developer of Gnutella for filesharing while having trouble getting an education in school. Mr. Lewis makes the point that these youngsters weren't doing anything that their elders don't do in other forums. Yet the established authorities deeply resented and challenged them. Mr. Lewis suggests that the old elites 'get a life.' Their day is over. He uses the analogy of his father's refusal to adapt his law practice to the methods of personal injury lawyers using billboards and television ads to show this is how the existing elites always respond . . . by condemning and trying to ignore the new. At the same time, Mr. Lewis raises several important questions that will stay with you. After having been king of the hill for your 15 minutes of fame at 15, how will you feel about the rest of your life as an also-ran? His portrayal of Danny Hillis's project to create the 10,000 year clock captures that point very well. He also lampoons Bill Joy's arguments that the Unabomber had it right that we (the existing elites) need to constrain technology. The basic point is that economic and social effectiveness will rest on the foundation of how effective you can be rather than who you are, what degrees you have, what age you are, or who you know. In other words, the Internet has added another degree of leveling to our society. Surely, that's good. I'm a little more optimistic than Mr. Lewis about the implications. I think that many people will find the lower barriers to entry provide them the chance to develop themselves more than would otherwise happen. What they learn as youngsters can be used in new ways on broader canvases later in life. For example, Jonathan will probably become a great marketing guru. Marcus has the seeds of a marvelous counselor, attorney, or columnist in him. Justin will probably create masterful new software structures that will make sharing easier and more effective. Those are potentially beautiful futures for these young men. Child prodigies have always been with us. The lessons for those based in the Internet will be the same as for those who did it in music or the motion pictures. You have to keep developing yourself, have sound values, and prepare for an adult role that you enjoy and are good at. I do feel for the parents of these young people. They are the ones with the big challenge! After you finish enjoying this wonderful book, I suggest that you think about where you can pursue lifelong
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