this post was submitted on 09 Oct 2026
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They were doing it before the net boom too. Roaring 20s, railway mania, Mississippi bubble, south sea bubble, and on and on.
I'm think just Tech here, or maybe more specifically digital technology - the period till 2000 was mainly driven by techies, after than it was mainly driven by grifters, generally with backgrounds like Finance or Marketing, not Technology.
Many people seem to still have the idea that Techies lead Tech Startups, but that hasn't been true for at least 2 decades.
I'm just saying it didn't start with tech, it started with capitalism
i blame sea peoples all the way back! these guys are assholes!
Sea people are more a backlash to states IMO
Capitalism creates the boom/bust pattern in the same way national borders create immigration crisis.
When you map reality onto a belief system it creates distortions.
i was sarcastic about sea peoples.
"The more things change, the more they stay the same"