The Tech Rout Isn’t Just Cyclical–It’s Well-Earned, and Overdue

bloomberg.com

4 pointschewz2 comments

It's always funny how articles like this blame the issues on Silicon Valley rather than the consumer who buys into the hype. Instead of telling (showing?) people to look inward and learn a bit of control and moderation, the authors assume we're all cattle who can't help but eat at the trough of silicon valley and SV are the ones are to be blamed rather than media and consumers themselves; why aren't they taking a step back and see how they promote boom and bust?

>the consumer who buys into the hype

There's a consumer? So many of the companies that go pop in these situations are solutions in need of a problem; companies trying to singlehandedly invent a market out of thin air and convince consumers that something they've managed without their whole lives is now something they simply can't live without and must spend $30 a month on forever.

A lot of the dotcom bubble failures occurred for the same reason, field-of-dreams style companies expiring when 'if you build it, they will come' turns out not to be true for all given values of 'it.'

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