Mar 15, 2009
Out With the Old
This past Saturday, the New York times published a front page article about the “Vast Remaking” of the economy. Vast is not overstating it, and perhaps underplaying the severity of what we’ll see in the next few years. Watching the dollar tide go out reveals weak business models and long-forgotten market needs. Yet while many are calling it a collapse, what we need to understand is that it’s really re-framing. Today’s job-losses are an indicator that old needs are finally going away, and that new needs will fill the vacuum.
I think a lot about how I’ll see these new needs as they arise, and you should too. Now is when the next great success stories begin, not when the next boom finally arrives.