by Alph » Fri Oct 28, 2011 10:29 pm
Tinker,
I heard that speech from dozens of dot com guys during the whole of their bubble. "You don't understand, man. It's a new world. None of the old rules apply." I was doing heavy manufacturing at the time. Heavy engineering. Heavy computer usage. But it was their religion. Engineers, technicians, programmers, none of these were anything before the scrutinizing gaze of these visionaries if they disagreed with the dot com religion. Any question about practicalities, about natural human constraints, about the businesses cycle, about things that have been true since before the industrial revolution started and will be true long after it is forgotten, was met by derision. The business cycle was over, man, the new economy ran under different rules, and I was a fool for not giving them the five million that was all they needed to totally reform how everyone got pet food. Nowadays they're all out of businesses, taken out with the rest of the trash from the dot com bubble. And I'm still here, having spent the decades in durable goods and real estate, both massively profitable because of advances in computers, through machine automation or computerized chemical fabrication respectively.
Future and recent social media IPOs are dying on the vine in front of our eyes. Right now. Facebook, Zynga, Groupon. But your God brooks none before him. No fact will sway your mind from the 'new world' that's going to right all the wrongs that vex you, and that makes you matter.
I'm not your enemy, Tinker. And you know me better than your knee jerk reaction against me indicates. But no matter what I say to try to help you, you'll just see it as an attack. You'll do the cliquish, true believer, inside the bubble response of, 'You just don't understand, because you're not with the new hipness.' So let's agree to disagree, and leave it at just this: If your 'movement that's not a movement, protest that's not a protest, organization that's not an organization' remakes the world, count me a fool. But if it fails, and especially if it fails for the reasons that I have specified, remember that I was your friend all along.
Trends that can't continue, won't. But until then, they will.