The Coming Internet Depression

from the be-afraid,-be-very-afraid dept

Here’s the first chapter from a new book predicting that we are entering an “Internet Depression which will be very bad. The author makes some good points about how the feedback in the cycle may force a depression (as dot coms fail to go public, VCs stop funding, innovation dries up, old economy companies get complacent, economy drops). He also talks about policy issues that can help, or hurt the situation. It’s definitely a “doomsday” type scenario. It’s worth reading, but I’m not convinced that reality will follow his predictions. No, I’m not saying that a recession or even a depression is impossible (that would be shortsighted of me), but I’m not yet convinced that it’s going to happen now. I think the main issue is how strongly people overreact to all the negative news about technology companies. If it gets to the point where even good, strong ideas with good, strong business models can’t get funded because nobody will fund any ideas, then there might be trouble. However, if people keep their heads, I don’t necessarily think the economy will collapse. Is that too much to hope for?

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “The Coming Internet Depression”

Subscribe: RSS Leave a comment

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...