Comment by dgb23
2 days ago
Boom and bust hype cycles have always been a feature of capitalism, especially for advanced technology. Perhaps the only way to know the limit is to overshoot.
2 days ago
Boom and bust hype cycles have always been a feature of capitalism, especially for advanced technology. Perhaps the only way to know the limit is to overshoot.
And then take the whole economy with it when blows up.
Not just the economy. We usually deal with these busts and crisis collectively through the public sector as well.
There's also a hidden opportunity cost in regards to hype cycles. So much energy, attention and money flows into the hype, while other businesses or entire sectors get overlooked and underappreciated.