-
https://clinton.presidentiallibraries.us/files/original/b621aac62ca098d48b3decbb9e292b9e.pdf
d37284bd682cc85db76206aa20f672a7
PDF Text
Text
FOIA Number:
2006-0470-F
FOIA
MARKER
This is not a textual record. This is used as an
administrative marker by the William J. Clinton
Presidential Library Staff.
Collection/Record Group:
Clinton Presidential Records
Subgroup/Office of Origin:
Speechwriting
Series/Staff Member:
Lowell Weiss
Subseries:
17198
OA/ID Number:
FolderlD:
Folder Title:
General New Economy
Stack:
Row:
Section:
Shelf:
s
92
2
7
Position:
�Withdrawal/Redaction Sheet
Clinton Library
DOCUMENT NO.
AND TYPE
001. page
SUBJECT/TITLE
DATE
P. 160 of New Rules for the New Economy [partial] (1 page)
n.d.
RESTRICTION
P6/b(6)
COLLECTION:
Clinton Presidential Records
Speechwriting
Weiss, Lowell
OA/Box Number:
17198
FOLDER TITLE:
General New Economy
2006-0470-F
wrl65
RESTRICTION CODES
Presidential Records Act - |44 U.S.C. 2204(a)|
Freedom of Information Act - |5 U.S.C. 5S2(b)|
PI
P2
P3
P4
b(l) National security classified information [(b)(1) of the FOIAj
b(2) Release would disclose internal personnel rules and practices of
an agency |(bX2) of the FOIA|
b(3) Release would violate a Federal statute [(b)(3) of the FOIAJ
b(4) Release would disclose trade secrets or confidential or financial
information [(b)(4) of the FOIA|
b(6) Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
b(7) Release would disclose information compiled for law enforcement
purposes 1(b)(7) of the FOIA)
b(8) Release would disclose information concerning the regulation of
financial institutions 1(b)(8) of the FOIA]
b(9) Release would disclose geological or geophysical information
concerning wells 1(b)(9) of the FOIA]
National Security Classified Information 1(a)(1) of the PRA|
Relating to the appointment to Federal office 1(a)(2) of the PRA|
Release would violate a Federal statute |(aX3) of the PRA|
Release would disclose trade secrets or confidential commercial or
financial information [(a)(4) of the PRA)
P5 Release would disclose confidential advice between the President
and his advisors, or between such advisors |a)(5) of the PRA|
P6 Release would constitute a clearly unwarranted invasion of
personal privacy 1(a)(6) of the PRA]
C. Closed in accordance with restrictions contained in donor's deed
of gift.
PRM. Personal record misfile defined in accordance with 44 U.S.C.
2201(3).
RR. Document will be reviewed upon request.
�Withdrawal/Redaction Marker
Clinton Library
DOCUMENT NO.
AND TYPE
001. page
DATE
SUBJECT/TITLE
P. 160 of New Rules for the New Economy [partial] (1 page)
n.d.
RESTRICTION
P6/b(6)
COLLECTION:
Clinton Presidential Records
Speechwriting
Weiss, Lowell
OA/Box Number:
17198
FOLDER TITLE:
General New Economy
2006-0470-F
wr165
RESTRICTION CODES
Presidential Records Act -144 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)|
PI
P2
P3
P4
b(l) National security classified information 1(b)(1) of the FOIA]
b(2) Release would disclose internal personnel rules and practices of
an agency 1(b)(2) of the FOIA]
b(3) Release would violate a Federal statute 1(b)(3) of the FOIA]
b(4) Release would disclose trade secrets or confidential or financial
information 1(b)(4) of the FOIA]
b(6) Release would constitute a clearly unwarranted invasion of
personal privacy 1(b)(6) of the FOIA]
b(7) Release would disclose information compiled for law enforcement
purposes |(bX7) of the FOIA]
b(8) Release would disclose information concerning the regulation of
financial institutions |(bX8) of the FOIAj
b(9) Release would disclose geological or geophysical information
concerning wells |(bX9) of the FOIAj
National Security Classified Information 1(a)(1) of the PRA]
Relating to the appointment to Federal office 1(a)(2) of the PRA]
Release would violate a Federal statute 1(a)(3) of the PRA]
Release would disclose trade secrets or confidential commercial or
financial information 1(a)(4) of the PRAj
PS Release would disclose confidential advice between the President
and his advisors, or between such advisors |a)(S) of the PRA]
P6 Release would constitute a clearly unwarranted invasion of
personal privacy [(aK6) of the PRA]
C Closed in accordance with restrictions contained in donor's deed
of gift.
PRM. Personal record misfile defined in accordance with 44 U.S.C.
2201(3).
RR. Document will be reviewed upon request.
�.0
U / Nw R t sfor(he Nw Eo o y
O e ae
e cnm
like a balloon: possessing an inflated ego and a thin identity stretched to
its limit. They don't know who they are, but they are very certain that
they are very important. The smallest prick can pop their container.
In the great vacuum of meaning, in the silence of unspoken values, in
the vacancy of something large to stand for, something bigger than oneself, technology—for better or worse—will shape our society.
Because values and meaning are scarce today, technology will make
our decisions for us. We'll listen to technology because our modern
ears listen to little else. In the absence of other firm beliefs, we'll let
technology steer. No other force is as powerful in shaping our destiny.
By imagining what technology wants, we can imagine the course of our
culture.
The future of technology is networks. Networks large, wide, deep,
and fast. Electrified networks of all types will cover our planet and their
complex nodes will shape our economy and color our lives. The shift to
this new perspective will be neither immediate nor painless. Nor will it
be as strange as itfirstappears.
There is no reason to accept the imperative of technology without
challenge, but there is also no doubt that technology's march is clearly
aimed toward all things networked. Those who obey the logic of the net,
and who understand that we are entering into a realm with new rules,
will have a keen advantage in the new economy.
N W RULES F R T E N W E O O Y
E
O H E CNM
1) Embrace the Swarm. As powerflowsaway from the center, the
competitive advantage belongs to those who learn how to embrace decentralized points of control.
2) Increasing Returns. As the number of connections between
people and things add up, the consequences of those connections
multiply out even faster, so that initial successes aren't self-limiting, but
self-feeding.
3) Plentitude, Not Scarcity. As manufacturing techniques perfect
the art of making copies plentiful, value is carried by abundance, rather
than scarcity, inverting traditional business propositions.
4) Follow the Free. As resource scarcity gives way to abundance,
generosity begets wealth. Following the free rehearses the inevitable fall
of prices, and takes advantage of the only true scarcity: human attention.
5) Feed the Web First. As networks entangle all commerce, a firm's
primary focus shiftsfrommaximizing thefirm'svalue to maximizing the
network's value. Unless the net survives, the firm perishes.
6) Let Go at the Top. As innovation accelerates, abandoning the
highly successful in order to escape from its eventual obsolescence becomes the most difficult and yet most essential task.
7) From Places to Spaces. As physical proximity (place) is replaced
by multiple interactions with anything, anytime, anywhere (space), the
opportunities for intermediaries, middlemen, and mid-size niches expand greatly.
8) No Harmony, All Flux. As turbulence and instability become
the norm in business, the most effective survival stance is a constant but
highly selective disruption that we call innovation.
9) Relationship Tech. As the soft trumps the hard, the most powerful technologies are those that enhance, amplify, extend, augment, distill, recall, expand, and develop soft relationships of all types.
10) Opportunities Before Efficiencies. As fortunes are made
by training machines to be ever more efficient, there is yet far greater
wealth to be had by unleashing the inefficient discovery and creation of
new opportunities.
�New Rules for the New Economy
Yet the inertia of the industrial age continues to mesmerize us. Between 1990 and 1996 the
number of people making tangible things - stuff you can drop on your toe - decreased by 1%,
while the number of people employed in providing "services" (intangibles) grew 15%. Presently
a mere 18% of the U.S. employment is in manufacturing. But three quarters of those 18%
actually perform network economy jobs while working for a manufacturing company.
In 1950 a transistor cost five dollars. Today it costs one hundredth of a cent. In 2003 one
transistor will cost a microscopic nanocent. A chip with a billion transistors will eventually cost
only a few cents.
There are 10 trillion objects manufactured in the world each year and the day will come when
each one of them will carry a flake of silicon.
Today the world is populated by 200 million computers.
Millions of moisture sensors in the fields of farmers shoot up data, hundreds of weather satellites
beam down digitized images, thousands of cash registers spit out bit streams, myriad hospital
bedside monitorSs trickle out signals, millions of web sites tally attention, and tens of millions of
vehicles transmit their location code; all of this swirls into the web.
So the 1918 edition of Sears, Roebuck catalog featured the Home Motor - a five-pound electrical
beast that would "lighten the burden of the home."
Tomagotchis, the original brand of Japanese toy pets, went from sales of zero in Japan to 10
million units in their first year, to 20 million by the second year. When they were introduced in
the United States a half million units were sold in the first month.
Consider the first modem fax machine rolled of the conveyor belt around 1965.
Your $200 purchases the entire network of all other fax machines in the world and the
connections among them - a value far greater then the cost of all the separate machines. Indeed,
the first fax machines cost several thousands of dollars and connected to only a few other
machines, and thus were not worth much. Today $200 will buy you a fax network worth $3
billion.
Between 1906, when autos were first being made, and 1910, only four years later, the cost of the
average car had dropped 24%, while its quality rose by 31%. By 1918, the average car was 53%
cheaper than its 1906 counterpart and 100% better in performance quality. The better - gets cheaper magic had begun.
Doubling the total output of something will reduce the unit cost on average by 20%.
Between 1971 and 1989 a standard 17- cubic foot refrigerator declined in price by a third (In real
dollars) while becoming 27% more energy efficient and sporting more features, such as icemaking.
�New Rules for the New Economy
Paul Krugman, an economist at MIT, says that you can reduce the entire idea of the network
economy down to the observation that "in the Network Economy, supply curves slope down
instead of up and demand curves slope up instead of down."
As crackpot as it sounds, in the distant future nearly everything we make will (at least for a short
while) be given away free - refrigerators, skis, laser projectors, clothes, you name it. This will
only make sense when these items are pumped full of chips and network nodes, and thus capable
of delivering network value.
In the first 1000 days of the web's life, several hundred thousand web masters created over
450,000 web sites, thousands of virtual communities, and 150 million pages of intellectual
property, primarily for free. And these protocommercial sites were visited by 30 million people
around the world, with 50% of them visiting daily, staying for an average of 10 minutes per day.
This is a raging success by almost any measure you'd want to use. No other emerging media in
the past experienced such glory so early in its growth.
Place still matters, and will for a long time to come. However, the new economy operates in a
"space" rather then a place, and over time more and more economic transactions will migrate to
this new space.
A space, unlike a place, is an electronically created environment. It is where more and more of
the economy happens. Unlike place, space has unlimited dimensions. Entities (people, objects,
agents, bits, nodes, etc.) can be adjacent in a thousand different ways and in a thousand different
directions. A person in an electronic space can communicate to million people at once, or
interact in a game with, others - things that would be impossible in a physical space.
On the eve of the 1996 U.S. elections, the CNN web site experienced 50 million attempts to log
on.
Donald Hicks of UT Austin told his sponsors that "the vast majority of the employers and
employment on which Texans will depend in the year 2026 - or even 2006 - do not yet exist." In
order to produce 3 million new jobs by 2020, 15 million new jobs must be created in all.
Over the long run, the world's economy has grown, on average, a fractional percent per year.
During the last couple of centuries it averaged about 1% per year, reaching about 2% annually
this century, when the bulk of what we see on earth today was built. That means that each year,
on average, the economic system produces 2% more stuff than was produced in the previous 12
months.
The entire web is an opportunity dynamo. More than 320 million web pages have been created in
the first five years of the web's existence. Each day 1.5 million new pages of all types are added.
The number of web sites - now at 1 million - is doubling every 8 months.
Today, 28% of U.S. household assets are kept in equities - more than is kept in banks - and 44%
of U.S. households own stock.
�
Dublin Core
The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/.
Title
A name given to the resource
Lowell Weiss
Creator
An entity primarily responsible for making the resource
Lowell Weiss
Office of Speechwriting
Date
A point or period of time associated with an event in the lifecycle of the resource
1997-2001
Is Part Of
A related resource in which the described resource is physically or logically included.
<a href="http://clinton.presidentiallibraries.us/items/show/36408">Collection Finding Aid</a>
<a href="https://catalog.archives.gov/id/7431951">National Archives Catalog Description</a>
Identifier
An unambiguous reference to the resource within a given context
2006-0470-F
Description
An account of the resource
This collection consists of the speechwriting files of Lowell Weiss. Lowell Weiss worked as a Special Assistant to the President, Presidential Speechwriter from June 1997 - August 2000. Weiss traveled and wrote speeches for President Clinton on domestic issues. His speeches cover a broad array of topics. Major issues he wrote on concern the environment, education, the economy, and race relations. He wrote weekly radio addresses; commencement speeches; and remarks for bill signings, events, and conferences. The records consist of speeches, drafts, memoranda, correspondence, schedules, event and travel arrangements, notes, articles, and printed email.
Provenance
A statement of any changes in ownership and custody of the resource since its creation that are significant for its authenticity, integrity, and interpretation. The statement may include a description of any changes successive custodians made to the resource.
Clinton Presidential Records: White House Staff and Office Files
Publisher
An entity responsible for making the resource available
William J. Clinton Presidential Library & Museum
Extent
The size or duration of the resource.
464 folders in 36 boxes
Text
A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text.
Original Format
The type of object, such as painting, sculpture, paper, photo, and additional data
Paper
Dublin Core
The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/.
Title
A name given to the resource
Gen New Econ
Creator
An entity primarily responsible for making the resource
Office of Speechwriting
Lowell Weiss
Identifier
An unambiguous reference to the resource within a given context
2006-0470-F
Is Part Of
A related resource in which the described resource is physically or logically included.
Box 16
<a href="http://clinton.presidentiallibraries.us/items/show/36408">Collection Finding Aid</a>
<a href="https://catalog.archives.gov/id/20760979">National Archives Catalog Description</a>
Provenance
A statement of any changes in ownership and custody of the resource since its creation that are significant for its authenticity, integrity, and interpretation. The statement may include a description of any changes successive custodians made to the resource.
Clinton Presidential Records: White House Staff and Office Files
Publisher
An entity responsible for making the resource available
William J. Clinton Presidential Library & Museum
Format
The file format, physical medium, or dimensions of the resource
Adobe Acrobat Document
Medium
The material or physical carrier of the resource.
Preservation-Reproduction-Reference
Source
A related resource from which the described resource is derived
20760979
42-t-7431951-20060470-F-016-003-2015