A compilation of claims, takes, narratives, shills, expectations and predictions from the late 90s "information superhighway" era.
I wonder if LLMs can produce this.
A lot of the dotcom exuberance was famously "correct, but off by 7 years." But... most of it flat wrong. Right but early applies mostly to the meta investment case: "the internet business will be big."
One that stands out in my memory is "turning billion dollar industries into million dollar industries."
With ubiquitous networked computers, banking and financial services could become "mostly software." Banks and whatnot would all become hyper-efficient Vanguard-like companies.
We often starts with an observation that economies are efficiency seeking. Then we imagine the most efficient outcome given legible constraints of technology, geography and whatnot. Then we imagine dynamics and tensions in a world with that kind of efficiency.
This, incidentally, is also "historical materialism." Marx had a lot of awe for modern industry, the efficiency of capitalism and whatnot. Almost Adam Smith-like... at times.
Anyway... this never actually works out. The meta is a terrible predictor of where things will go.
Imagine law gets more efficient. Will we have more or less lawyers? It could go either way.
A compilation of claims, takes, narratives, shills, expectations and predictions from the late 90s "information superhighway" era.
I wonder if LLMs can produce this.
A lot of the dotcom exuberance was famously "correct, but off by 7 years." But... most of it flat wrong. Right but early applies mostly to the meta investment case: "the internet business will be big."
One that stands out in my memory is "turning billion dollar industries into million dollar industries."
With ubiquitous networked computers, banking and financial services could become "mostly software." Banks and whatnot would all become hyper-efficient Vanguard-like companies.
We often starts with an observation that economies are efficiency seeking. Then we imagine the most efficient outcome given legible constraints of technology, geography and whatnot. Then we imagine dynamics and tensions in a world with that kind of efficiency.
This, incidentally, is also "historical materialism." Marx had a lot of awe for modern industry, the efficiency of capitalism and whatnot. Almost Adam Smith-like... at times.
Anyway... this never actually works out. The meta is a terrible predictor of where things will go.
Imagine law gets more efficient. Will we have more or less lawyers? It could go either way.