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> why predict that the growth rate is going to slow exactly now? why predict that it will continue? Nobody ever actually makes an argument that growth is likel
by danlitt 1y ago
> why predict that the growth rate is going to slow exactly now?
why predict that it will continue? Nobody ever actually makes an argument that growth is likely to continue, they just extrapolate from existing trends and make a guess, with no consideration of the underlying mechanics.
Oh, go on then, I'll give a reason: this bubble is inflated primarily by venture capital, and is not profitable. The venture capital is starting to run out, and there is no convincing evidence that the businesses will become profitable.