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> I have a suspicion that bubbles can only exist when media is centralized. Many of the worst bubbles in history occured in countries with very decentralized m
by bildung 9y ago
> I have a suspicion that bubbles can only exist when media is centralized.
Many of the worst bubbles in history occured in countries with very decentralized media, e.g. the Railway Mania in the UK in the 1840s was (relative to today) bigger then the global one in 2007+. So, no, media centralization can't be the reason :)