Who's afraid of Google?

The latest issue of The Economist has an article on the rising power of Google (NASQ: GOOG). The article makes the case that the internet giant is more like JP Morgan than Microsoft. The article is harsh at times as when quoting Eric Schmidt "Our goal is “not to make money”, as its boss, Eric Schmidt, puts it, but “to change the world”.

Google is the white knight that rescued silicon valley after the dot com bomb and prevented it from becoming death valley. Google ignited the next evolution of the web, made silicon valley the online advertising capital of the world, overnight, and has empowered millions by making information universally accessible and not the domain of a priviledged few. Yes, Google has changed the world. Click here for the article>>.