The dot com 1.0 crash (dot net as you call it) was exactly the same: everyone pretending they didn’t know that none of them had any path to profit. With the exception of the companies “selling shovels” to dig the hole (Nvidia now).
Good summary of the prolix Zitron. He's good, but he could be briefer.
>> It may also fundamentally undermine the tech-bro oligarch mafia that has become so central a part of Trump’s donor base
I don't think so. The tech bro mafia is going full neo-oligarch. Just read the crap manifesto that Marc Andreessen poste, or go read about Curtis Yarvin and the "Dark Enlightenment". I wrote about that https://arendt.substack.com/p/a-bodyguard-of-misdirections-part-0a5
Silicon Valley is about to take over the government via DOGE stealing all their data, and Trump appointees pushing "AI" into Federal agencies. The SV monopolies are deeply in bed with the government and are taking it over a piece at a time.
Worrying that some consumers are being gouged is the least of our problems.
The dot com 1.0 crash (dot net as you call it) was exactly the same: everyone pretending they didn’t know that none of them had any path to profit. With the exception of the companies “selling shovels” to dig the hole (Nvidia now).
Good summary of the prolix Zitron. He's good, but he could be briefer.
>> It may also fundamentally undermine the tech-bro oligarch mafia that has become so central a part of Trump’s donor base
I don't think so. The tech bro mafia is going full neo-oligarch. Just read the crap manifesto that Marc Andreessen poste, or go read about Curtis Yarvin and the "Dark Enlightenment". I wrote about that https://arendt.substack.com/p/a-bodyguard-of-misdirections-part-0a5
Silicon Valley is about to take over the government via DOGE stealing all their data, and Trump appointees pushing "AI" into Federal agencies. The SV monopolies are deeply in bed with the government and are taking it over a piece at a time.
Worrying that some consumers are being gouged is the least of our problems.
The analogy to the Suez crisis is very apt.