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Boom and bust hype cycles have always been a feature of capitalism, especially for advanced technology. Perhaps the only way to know the limit is to overshoot.
by dgb23 11mo ago
Boom and bust hype cycles have always been a feature of capitalism, especially for advanced technology. Perhaps the only way to know the limit is to overshoot.
- pjmlp 11mo agoAnd then take the whole economy with it when blows up.
- dgb23 11mo agoNot just the economy. We usually deal with these busts and crisis collectively through the public sector as well. There's also a hidden opportunity cost in regards to hype cycles. So much energy, attention and money flows into the hype, while other businesses or entire sectors get overlooked and underappreciated.