Singing the old stressed-out dot-com blues

Analysis/Commentary

The Net Economy brings with it a new set of expectations in terms of performance and self-sacrifice. See that urban sprawl out there? in Silicon Valley, moving now north and south of San Francisco, then south to L.A.'s Glendale, and now into San Diego, Denver, Dallas, Austin, Chicago, Virginia, Massachusetts, Connecticut, and New York? See the dot-comers and dot-goers? See them doing the dot-crazy, dot-com dance?

Yes, America, in discovering the New Economy, is also discovering woes: over-built and over-priced housing, crowded highways and gridlocked parking garages, wall-to-wall techies and e-commerce strategists. It's almost as if the Old World decided overnight to displace itself to the New World, and the countryside to surge upon the city. In the gold-rush atmosphere of this year's e-commerce offensive, worklife has become a vocation akin to total war, with quick riches the cause and proximate goal.

The telephone rings non-stop. Each week brings a swarm of new faces that start out fresh and pink, and turn from red to gray. The atmosphere of volunteerism is almost religious, and borders occasionally on the fanatical. The stress is invigorating, when it isn't deadly. Dot-com mania defeats workers' age-old alliances to their locales, their tribal identities as Virginians, or Texans, or what-nots. The electronic wire introduces looser, larger bonds, and a form of association very different from community -- or communalism.

The new era has erected the virtual city, painted life the color of night, where youth and middle age mingle, where populations feast like locusts on their work environments, and raise anthills or long trails of plodding gridlock. Already some buildings are forcing charities out in California, and the new success stories -- the mushroomed IPOs -- are creating work camps as frenzied as the boomvilles of the '49-ers.

Is it all worth it? Certainly. This year, e-commerce and e-business seem to be blending in a strange and dynamic way; businesses throw out old rules about the sanctimony of competitive barriers, enemies are suddenly friends, and friends are, well, usually a little behind the times. Where once the goal of business was to sell products or services, companies develop virtual -- er -- product-services, in the form of shared resources and bartered potentialities. Information becomes a new form of trade, and confidence a leverageable asset.

-- "I'll trade you twenty information chits for ten units of confidence. What do you say?"

-- "Deal."

In the meantime, human resources get stretched to the limit, and, if they don't crack, they'll stretch some more next year and the next, when commerce goes global, when brand identities perform cross-cultural, cross-industrial leaps, when the Net becomes "real" for those who thought it wasn't.

'Til then, the troops pile into their bedroom communities, nursing their long hours, and singing those homesick stressed-out dot-com blues.

July 12, 2000