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Here Comes Another Bubble
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The New Bubble
by Andrew McCaskey
The entertaining video by the Richter Scales is a lot of fun – and just like generals and field marshalls of history it points out the tendency to prepare for the last war. Or in our case, the last bubble.
Things are a bit different this time.
First, the affordability of the technology and connectivity are an incredible advantage.
There’s a lot of advantage to location in New York, the Bay Area and so forth, but connectivity does not make that an absolute requirement.
The talent that’s driving this boom are like fish in the sea – in that they have never known a time when the digital environement and at least some element of connectivity did not exist. There are a lot more of them, and they are a lot better connected.
The big difference this time ? The consolidation of industries, oligopolies that are much more skilled in political, lobbyist and regulatory competition . The real battle in this bubble will be fought on EFF turf.
The technology will take care of itself.
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