Re: The Way We Live Now

Ashikaga the Forcible Masked Drag Racer of Niceness wrote:
<snicker snack>
drama of that name? The history repeats itself isn't it. Though the story
took place around 1870's England, but the practice sounds just like dot.com
era. During that crazy period people sell nothing for top dollars,
effectively transfering the wealth to the greedy few (and those who know
how things work). And bring with it a collash of the new rich with the old
rich. People marry for wealth. Old riches (gentry nobilities), despite
"cannot afford" not to deal business with the "new economy" Suchet's
<snicker snack>

Speculative bubbles have been a phenomenon for hundreds of years if
not more. My favourite is the famous tulip bubble where tulip prices
got ridiculously high. People draw analogies all the time between
historic bubbles and the dot com bubble (or the current housing market
bubble).

Although it is probably not a good thing it is easy to understand
where bubbles come from. Normal healthy speculation required to raise
capital for ventures that are risky but promise benefit if successful
is a necessary part of business. But of course just the fact that
people buy into a venture will in itself increase the value of stakes
into it and so the potential for a speculative bubble exists, where
values are propped up merely by ever higher expectations rather than
reasonable results.

I suspect the culture of business (and life) has always been a mixed
bag of men concerned with getting things done and those concerned with
making money anyway they can.
--
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[B><B], stealth robot pirate ninja, Website:
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Yours Truly Saint George's Dragon
Allan Olley -==UDIC==-
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"They also serve who stand and wait." John Milton.
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