Quote by Alvin Toffler
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.
Summary
This quote suggests that declaring the end of a new economy simply based on the failure of a few businesses within it is shortsighted and premature. Drawing a parallel to the industrial revolution, it emphasizes that setbacks and failures are expected in any transformative period. Just as the textile manufacturers' bankruptcy did not mark the end of the entire industrial revolution in the 19th century, individual business failures should not be perceived as the demise of an entire new economy in modern times.