This recalls Paul Krugman's famous clownspeak, in 1998, comparing the impact of the internet to that of the fax machine. By 1998, the internet had failed to tr

This recalls Paul Krugman's famous clownspeak, in 1998, comparing the impact of the internet to that of the fax machine. By 1998, the internet had failed to transform a lot of industries despite a lot of hype and grifters ( WebVan, WorldCom, etc etc etc). Regardless, it was progressing fast. People with enough technical understanding understood its tremendous underlying promise--not the promise of a quick buck, but the opportunity to make things that were previously impossible, and the inevitability of eventual transformative change across a whole range of industries. Remind you of anything?