An interesting question is whether technology can ever change the greater fool calculus. Collective behaviors of this type are building on top of information fl

An interesting question is whether technology can ever change the greater fool calculus. Collective behaviors of this type are building on top of information flows (actually the lack thereof) and, at least in principle, digital technologies can enable radically different information landscapes. This applies far beyond tech VC, which is a niche within a niche: The capital markets architecture and the financing of commercial activity is predicated on information disclosures that became common practice between ~1500-1600 AD and haven't changed much since. While information technology will never tell the future, it can certainly change the distribution of who knows what and when about the past and present.