this post was submitted on 13 Aug 2023
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Just a reminder that the dot com bubble was a problem for investors, not the underlying technology that continued to change the entire world.
That's true, but investors have a habit of making their problems everyone else's problems.
Not that you're wrong per-se but the dotcom bubble didn't impact my life at all back in the day. It was on the news and that was it. I think this will be the same. A bunch of investors will lose their investments, maybe some adventurous pension plans will suffer a bit, but on the whole life will go on.
The impact of AI itself will be much further reaching. We better force the companies that do survive to share the wealth otherwise we're in for a tough time. But that won't have anything to do with a bursting investment bubble.
Good for you. But perhaps fuck off, because some of us lost jobs, homes, and financial stability.
Some of you is not most of Americans.
Have you considered accepting that you're wrong on this? It's not a personal disaster to realize that just because you didn't personally see the impact, there was none. Instead of sticking to what you thought, you might learn insights. Perhaps they can be valuable when analyzing the current bubbles.
Nah I'm m always right. Your mom says so.