Dot Com Boom Is Just Beginning

from the we-ain't-seen-nothing-yet dept

Economist Brian Arthur (whose work is really worth reading) has pointed out that he thinks the "dot com boom" has only just begun. He compares the internet craze with prior boom and bust cycles and points out that many involved an early bubble period, followed by a bust, followed by the time when real money was made. I think, conceptually, most people do agree with this - though, they would take exception to the idea that it's going to be a "dot com" boom. Instead, the internet will be seen as a useful tool, which people can use to make money off of by offering legitimate goods and services (as opposed to offering just equity supported by hype and hot air).

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