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> We all know how that ended up... It ended up with investors losing their shirts time and time again - https://en.wikipedia.org/wiki/Railway_Mania https://en.

by simonw 3mo ago

> We all know how that ended up... It ended up with investors losing their shirts time and time again - https://en.wikipedia.org/wiki/Railway_Mania https://en.wikipedia.org/wiki/Railway_Mania and https://en.wikipedia.org/wiki/Panic_of_1893 https://en.wikipedia.org/wiki/Panic_of_1893 for example - but we did get some very useful infrastructure out of it.

Gud 3mo ago
That's not really how it "ended up"? Yes, there are always losers when investing in new technologies. But the steam engine was an amazing invention, and ended up propelling humanity forward.