Washington and Wall Street are bedeviled by a specter--the specter of dotcom start-ups and the rise of the nerd class. The fantastic wealth of the new economy and the renegade attitude of its Netizens are deeply upsetting to the old order. The result is a cultural battle illustrated most dramatically by the Microsoft case. Surprisingly, the outcome of this conflict has a lot to say about whether we will still turn pages as we read.
On one side of this clash we have People of the Book. These are the good people who make newspapers, magazines, the doctrines of law,...
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