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Instead, it was shortsightedly and irresponsibly expended in an orgy of unbridled consumption. For the first time in a long time, America's savings rate turned negative. Americans borrowed at home and abroad to embark on a fervid shopping spree. Even worse, the part of the deficit that was invested rather than consumed largely went to finance the dotcom boom turned bust.
It is not surprising that the Internet a chaotic network with an anarchic modus operandi flourished at these times. The dotcom revolution was less about technology than about new ways of doing business mixing umpteen irreconcilable ingredients, stirring well, and hoping for the best.
The narcissist is convinced of his superiority cerebral or physical. To his mind, he is a Gulliver hamstrung by a horde of narrow-minded and envious Lilliputians. The dotcom "new economy" was infested with "visionaries" with a contemptuous attitude towards the mundane: profits, business cycles, conservative economists, doubtful journalists, and cautious analysts.
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