And we have no idea what Obama thinks about taxing Net commerce.
As news began to filter out about Andersen's less-than-stellar verdict on Net commerce, punters responded by trading the NASDAQ and its component Net heavyweights up more than 127 points Tuesday, one of its strongest rises in a phenomenal year.
The Net is stimulating commerce, not just stealing it from existing outlets.
Asia's slowness on the Net means that many companies and businesses had their names snaffled up before the Net and e-commerce entered the region's collective conscience.
Hardly the kind of "frictionless commerce" touted by Net visionaries.
Expect e-commerce sites like Amazon or Net-a-Porter to start using it more.
"When we are using the Net, we will simply be engaged in commerce because e-commerce will then be normal, " he says.
This observation that the Net provides massive consumer surplus but not enough real commerce enjoys a ring of truth.
The Net turned out to be better for communication and commerce.
And while the .com suffix has overwhelmingly captured the market's imagination, accounting for about 90% of all registrations, there are plenty of e-commerce opportunities in the less fashionable .net and .org.
CNN: ASIANOW - TIME Asia | Asia Buzz: Dot-coms Get Street Smart
Net strategy, which aims to automate and ease communication and commerce on the Web.
Still, given the Net's rapid growth in Asia, most experts expect online commerce to eventually pay off.
If UPS were a pure e-commerce company, it would be tolerated on Wall Street with no net income at all.
Sure the Net's not going away but investors and consumers no longer approach Web commerce wearing the hyperbole-gilded, rose-colored glasses of years past.
StyledOn will also continue to partner with selected retailers such as Neiman Marcus, Net-a-Porter.com and ASOS to deliver members a community driven commerce experience that goes beyond both brick-and-mortar and online merchandising.
As our new Current Events columnist David Malpass has pointed out many times, the Commerce Department's narrow accounting can't explain why American households are net lenders, not borrowers.
Since the New Deal of the 1930s, the Supreme Court had only twice found Congress exceeded its commerce authority, and never for a program designed to expand the social safety net.
The essential message from Andersen for Asian e-commerce Netpreneurs is get the back office and fulfillment parts right before rolling out those local Net giants.
But before you start shorting the stocks of stodgy old companies slow to the Net, consider that it will be some time--a long time--before e-commerce really pays off across Asia.
Although Icann does its job on behalf of all net users, many of its decisions still have to be rubber-stamped by the US Department of Commerce and it only exists because the government lets it.
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