
Technology investment bubbles have existed since at least the industrial revolution kicked off. Tons of airlines went bankrupt in the early days of air travel, for example. I don’t know anything about it but I assume the same thing happened with trains and a gazillion other technologies that actually are pretty cool.
Marx pointed out that capitalism needs periodic cycles of capital destruction, and here we are…

I have a (former?) friend who says that. He’s fully addicted to algorithm-induced rage. He sends me 3 or 4 Islamophobic and/or Zionist videos from Instagram or X or Facebook every day for some reason.