What The Bubble Got Right

dtolton writes "Paul Graham has written an article entitled What the Bubble Got Right. In recent years the roaring tech bubble has become a byword, yet Paul does an excellent job of articulating what it got right."

Comments

Re:I lost him here...finally

[linuxislandsucks]

Finally an actual sladotter who read it considered the assumtpions..

Yes, most of P G's articles are based on questionable assumptions and more questionable thesis statments..

Most finanical wizards describe the bubble as the fleecing of Retirement fundws.. which in fact was..as we the investment public moved from indvidual stocks in the 1980s to mutual funds as our major source of funding for IRAs and etc..

Re:I think Marx would shit a brick if he could see

[Ralph Spoilsport]

Oh brother, what a maroon.

People often want it both ways. They don't want to adapt to a new economy, but they want all of the benefits. You have three choices, and these have existed for most of human history. You can lead, you can follow or you can be dominated. America leads, India follows, others are simply dominated because they refuse to follow the leaders' example and try to grow, and cannot lead on their own, thus another country steps in and economically dominates them. It doesn't mean it's right, but it's a fact of life.

Nothing like being the excuse maker for American Corporate Imperialism, eh? Who the fuck are you? Karl Rove? Or Hermann Goering reincarnated?

RS

The Rich are Thieves

[Cryofan]

When someone breaks into your house and steals something from you, and you want it back, is that envy?

The constitution promises a government for the people and by the people, but our govt is in fact for the rich and not the people. The top tax rates are much too low. That wealth that our country is losing is OURS, by right. Yes, a person who is successful should have more than others. But pay unto Caesar what is Caesar's. The rich and our own govt collude to rob us. It aint envy to want back our robbed wealth.