Comment There is one bubble with three facets. (Score 1) 76
Itâ(TM)s all speculation in different facets of the same bubble. Investor speculation in equities, business speculation in infrastructure and building markets and power, and broad social speculation about the disruption into the future.
When the internet bubble burst around 2001, similar forces were at play. And also: do you think the socio-economic impact of the internet today is less than what was being foretold in 1999? No. Some people had stupid ideas, there was a gold rush, a lot of people lost, others got richer than anyone in history, and the world changed forever.
Here we go again; buckle up.