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Tuesday 18 January 2011
Is history repeating itself?
This is a capture of a recent jokey conversation at Facebook which I was involved in. I have the uneasy feeling that history is making a stab at repeating itself. Right now it appears we have a dotcom bubble getting within sight of bursting point. It may not be such an idiotic and hysteria-driven bubble as the one a decade or more ago, but it may yet prove to be an even more tragic crash because of the stupendous amounts of money being thrown around. Ten years is about half of recorded history in Internet terms, so I guess a large number of today's players were too young to notice the first time. Their elders should know better. A bit of quiet reflection might be in order.
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