[PeterPrinciple]

"The demographic structure, beliefs and cultural heritage of the U.S. population provide the basis for strong optimism regarding a resurgence of entrepreneurial activity in the near future

This is a part of the economy that we don't see in the popular media

[LS]

Not surprising the entrepreneurship declined. Taxes are still too high; there is still too much regulation; and the terror attacks shook confidence. Nothing new about that: markets (contrary to the Marxist view) hate war.

But I am apparently alone in arguing that computers and information technologies still are the wave of the future; that these technologies currently are "on hold" while the "last mile" is hooked up; and that after every company got its web sites and webmasters, there was a giant pause in the industry as people assess where to go next. This is exactly what the auto industry did from about 1907-1915, when Ford really began slashing costs on per-unit production, and it is also where we were 20 years ago when the chip manufacturers began slashing chip prices that sparked the boom.

[RightWhale]

The great thing about dot.coms is that they can be created for not much more than the cost of a business license. Of course, finding something to sell is still the same problem as ever.