Saturday, March 22, 2008

Newsweek - 1995: The Internet? Bah!

Money quotes:


Then there's cyberbusiness. We're promised instant catalog shopping--just point and click for great deals. We'll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obselete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Even if there were a trustworthy way to send money over the Internet--which there isn't--the network is missing a most essential ingredient of capitalism: salespeople.


and of course

Do our computer pundits lack all common sense? The truth is no online database will replace your daily newspaper...

Guess we've been wrong all these years.  Someone tell the New York Times that they don't have to worry about their business model.  Oh and Amazon, don't you think it's time you've thrown in the towel.

(via Waxy)

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