Robert Glass wrote a series of articles defending Cobol as still the best language in some ways for business programming. He didn't talk about performance, IIRC

Robert Glass wrote a series of articles defending Cobol as still the best language in some ways for business programming. He didn't talk about performance, IIRC, rather about language expressiveness (mainly language constructs for writing reports). But what you're saying is not surprising. The disease of our industry is the notion that old stuff is icky and stupid. Edit: I hate Java as much as the next guy, but this thread is missing the article's interesting point, which is that the real legacy technology is the mainframes which still power the large-scale economy. Shouldn't we consider why? Isn't it meaningful that the technologies we prefer haven't yielded anything capable of disrupting these entrenched systems?