Comment Julian Simon's Long Boom (Score 1) 191
Wired had an article back in the late 90s about Julian Simon's predictions of "The Long Boom", where our high-tech economy with the Internet connecting everybody and delivering education and liberal economics was going to keep growing and making the world a better place indefinitely. Wasn't the Late 90s a great time!
Yeah, unfortunately, several sets of thugs decided war was a much better way to run a world, but even before that hit us, we'd started to question the value of buying dogfood online, and the parts of the tech boom that depended on Y2K-driven replacement of everything were thanked for their fine job and let go, and people started manipulating the US interest rates to affect the upcoming elections (2% rate change in a couple of months), which really didn't help a capital-intensive tech sector that was already getting threatened with anti-trust. And lots of other bad things happened, and good things stop happening, and good things happened in ways that make stuff enough cheaper it's hard to make a profit (Moore's Law etc.), and yeah, too bad.