What Exactly Caused The Dot-Com Bubble To Burst?

There never was a dot-com bubble (written in 2010).

The bubble related to technology was and is the result of a systemic sub-priming of innovation arbitrage, venture capital. Hence the more appropriate name for what occurred is a finance bubble.

Sub-priming, no different from what happened in real estate, being the inescapable wrath from investor socialism and collusion, in violation of the most basic free-market principles I should add, and fundamentally incompatible with finding outliers of innovation.

Rinse-and-repeat is the modus operandi until even the unsuspecting greater-fools have had enough.



The sign of an intelligent nation is its willingness and ability to reinvent itself, upstream. Let’s inspire the world with new rigors of excellence we first and successfully apply to ourselves.

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