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The Hype Machine

The press leapt onto the Internet bandwagon with an abandon that is astonishing only a few years later. Without the media hype machine, it's hard to imagine the bubble getting so large.

“Follow the personal computer and you can reach the pot of gold,” said George Gilder. “Follow anything else and you will end up in a backwater. What the Model T was to the industrial era … the PC is to the information age. Just as people who rode the wave of automobile technology—from tire makers to fast food franchisers—prevailed in the industrial era, so the firms that prey on the passion and feed on the force of the computer community will predominate in the information era.”[84]


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