Comment Articles

Solving the world's problems

Charles Cooper CNET News

Published: 27 Jan 2004 16:05 GMT

Bill Gates, Michael Dell, Carly Fiorina and every other self-respecting member of the digerati trooped off to the slopes of Davos, Switzerland, this week to take part in the World Economic Forum's annual summit meeting.

The week-long conference, bringing together most of the folks who rule the world, is a singular event -- as much for its reflection of the prevailing zeitgeist as for its A-list of attendees. For Silicon Valley's best and brightest, who are there to wave company flags and collect business cards, it's naturally a prime schmooze venue. But in years past, it's also provided a bully platform from which they could lecture benighted European, Asian and African counterparts on why they needed to become more -- well, more like us.

During the go-go days, this all got to be a bit much. At first, there was buzz and curiosity about this new thing that fell under the rubric of cyberspace. But when geeks and freshly scrubbed MBA types began turning up in force to pontificate as if they -- and they alone -- held the keys to the future, you can imagine how that went over. Since Internet fever was sending shares of US suppliers straight into the stratosphere back then, who was in a position to argue otherwise?

The high water mark of hubris came when Andy Grove browbeat a plenary session at the 1997 Davos summit, warning how they were consigning future generations to second-class status by failing to get on board the tech revolution fast enough. Talk about overstating the obvious. But Grove was no more full of himself than any of the other Yanks on parade that year.

An African attendee sitting next to me groaned in disbelief, "does he think we're all clueless?" I just shrugged.

However, a funny thing happened on the expressway to the postindustrial future. The bubble burst, the economy fell into recession and dot-com mania dissipated (at least for a time). When payback time came, the dawning of Fat City was dimmed by a succession of corporate scandals, humiliating bankruptcies and mass layoffs. Even after the recession ended, IT's problems lingered, ultimately forcing Silicon Valley into its worst downturn in two decades.