Word: superhighway
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Dates: during 1990-1999
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BILL GATES A billionaire genius, he strove to turn the info superhighway into a virtual marketplace...
...Gates' vision, the information superhighway leads not to a global village but to a virtual marketplace where, by a process he calls friction-free capitalism, buyers and sellers can exchange goods and services without paper money, malls or middlemen. Except, of course, for the ultimate middleman, Microsoft--which, in return for making those electronic transactions secure and reliable, plans to collect a small toll off each and every...
...Internet has become more than an information superhighway. For some, it has become the road to true romance, for others a route to fast friendships...
...label I like to use about what women are looking for is 'the virtual Tupperware party.' There needs to be be compelling virtual communities where women would want to hang out." --Rosalind Resnick, advertising consultant, suggesting how to invite women onto the information superhighway...
...need to be a Nobel Prize winner in economics to notice that the wiring of the information superhighway has enormous economics of scale--firms that are able to quickly jump out in front will have an immense advantage over less agile competitors. After a series of bruising battles and mergers, the market for common carriers of electronic messages will quickly become oligopolistic or monopolistic. And just where the telecommunications reformers had promised to keep an open marketplace, fantastically wealthy businessmen will have colluded for exactly the opposite effect...