> Of the 40 new fortunes in 1982, at least 24 were due primarily to oil or real estate In 1982, oil and real estate was technology. Information technology was

> Of the 40 new fortunes in 1982, at least 24 were due primarily to oil or real estate In 1982, oil and real estate was technology. Information technology was still research and not ready for big business. One could argue that those two were based on exploiting natural resources, but so is tech, it's exploiting the natural resources of human attention and information, it's not making flying cars. In that sense , the way people make money has not changed much: make something people want that exploits and indefensible resource, rinse, repeat. Like big oil, the big tech of today can keep on making billions without building any new tech. I really dont enjoy this hero worship of tech, it's 2020 those days are gone.