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"Why does the future have to be like the past?" That's what everyone says in a bubble: "History won't repeat itself this time!" Unfortunately, while industries
by firefoxman1 15y ago
"Why does the future have to be like the past?"
That's what everyone says in a bubble: "History won't repeat itself this time!" Unfortunately, while industries and companies change and evolve, human nature (specifically fear, greed, and hype) doesn't change. The wise learn from history while the rest keep repeating the mistakes from 15-20 years before.
- freemarketteddy 15y agoIt is pedantic to assume that history will repeat itself no matter what in every possible industry!...Things are not always just as simple to be explained in terms of periodic cycles.
- firefoxman1 15y agoAnd it's not pedantic to assume that history won't repeat itself simply because you're blinded by euphoria and hype? I'm not saying that history always repeats itself, but the human nature that causes boom and bust cycles doesn't change.
- wavephorm 15y agoDid the Internet repeat the same cycle as the Industrial Age? Did cell phone uptake follow the same patterns as rotary phones? The idea that history repeats itself is, itself, dated. Technology changes things in ways people cannot really predict. The only thing you can reliably predict is what is expensive to do today will be cheap tomorrow. What these many small startups will collectively build on top of cheap "cloud services" and "mobile devices" will change the world.