A fall in economic activity, an employment market in distress, low employee
morale: perhaps never before has a stock market crisis transformed itself
so quickly into an economic crisis. But the biggest mistake would no doubt
be to focus only on the numbers droned out each day by the media. The
slowdown is only part of the story. Behind it, there is a more profound
transformation at work, one that calls into question the very economic
models that underlie businesses.