Tech Fail Forecast: Bursting The Next Bubble - InformationWeek

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IT Leadership // Digital Business
07:06 AM
Jim Nash
Jim Nash

Tech Fail Forecast: Bursting The Next Bubble

Fifteen years after the dot-com bubble burst, industry pundits are calling out similar signs of froth in the current tech boom. Here are nine tech ideas, products, excesses, and business models that we expect to look back on in 15 years and ask: "What were we thinking?"
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(Image: Brocken Inaglory via Wikimedia Commons)

(Image: Brocken Inaglory via Wikimedia Commons)

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12/29/2015 | 2:19:07 PM
Tech Fail Forecast: The Foolishness
When the next bubble bursts, what you have described is just the foolishness that inflates the bubble.

Humans need tangible products for survival - food, clothing, and shelter - plus medical care. Whoever controls those essentials are in position to disrupt the behavior of the rest of us.

If I were an economist I would be using some of that big data to explore the potential impact of having food and clothing production substantially controlled by people in other countries, delivered by a "last minute" supply chain that is easily disrupted.

With every economic cycle comes the nouveau riche with foolish behaviors. With every economic cycle comes the ignorant young who think their ideas are so special they are not subject to the failure side of capitalism.

An adjustment is always required to teach the foolish that the "ordinary" people - not the "geniuses" - must be able to flourish for a new economic trend to have long term meaning.

So far as I can tell, Dan Price, CEO of Gravity Payments, is the only executive to acknowledge publicly that the "big economic picture" is complicated by trendy, extremely narrow aggregation of wealth.

But if you look at the Wikipedia entry "List of recessions in the United States" you realize that what is coming is a normal part of "The American Way" - a failure to understand the importance of "Truth and Justice" to real superheroes.
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