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To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke.
Alvin Toffler
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Interpretation

What this quote means

The quote emphasizes that setbacks in one area do not signify the end of progress in a broader context.

Alvin Toffler's quote draws a parallel between the challenges faced by specific sectors during the industrial revolution and the misunderstandings surrounding the new economy. It suggests that just as the industrial revolution was not defined by temporary failures of textile manufacturers, the new economy is not doomed by isolated failures. Rather, it highlights the ongoing evolution and potential for growth amidst challenges.

Themes

New EconomyIndustrial RevolutionProgressSetbacksGrowth

In practice

Example use cases

A speaker at a technology conference discussing the resilience of innovation despite recent economic downturns.

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