Web 2.0 & the Economy: It’s Different This Time, Part 2

In the past month, there have been a plethora of doom and gloom articles about web 2.0, Silicon Valley, the economy, and start-ups. In this series, I address some of the major concerns, arguing that perhaps the negativity is not all warranted. Part 1 From…

Why the Web 2.0/Tech 2.0 ‘Bubble’ Refuses to Burst

In agreement with Marc Andreessen, there probably won’t be a web 2.0 correction for a long time. Right now we have interest rates still at zero, and there is so liquidity in the world right now, so much wealth. Every time web 2.0 is supposed…

Snapchat’s Huge Windfall : The State of Web 2.0

Looks like my 2014 prediction of Snapchat, originally valued at $4 billion, being worth $30 billion by 2016 is coming true. This talk of bubbles reminds me of 2007 when everyone, including all the experts, was certain Facebook was a bubble at a valuation of…

Bitcoin at $3,000

Bitcoin breaks $3,000 to reach new all-time high Been long bitcoin since 2013. Glad I ignored the headlines about bubbles. The news is useless, as are most forecasts. For every bubble the media calls correctly, they get 10-20 of them wrong. Bitcoin is like General…

Late Stage Capitalism, Part 1

Lately there has been considerable interest in ‘late stage capitalism’, and even mainstream publications such as The Atlantic are writing about it. Reddit’s r/latestagecapitalism, much like r/collapse and r/lostgeneration, has become a popular destination for disaffected millennials to discuss how and why society went wrong,…

The Healthcare ‘Cost Disease’ Demystified

Months after Scott’s original article, there is still considerable discussion about ‘cost disease’ in healthcare. Everyone wants to know why prices seem to be going up so quickly. From Kurt Spindler Identifying Sources of Cost Disease Cost disease is one of, if not the, most…

Has democracy become too expensive for capitalism? Part 1

This article is going viral, having been shared on Xenosystems, Slate Star Codex, and elsewhere: Has Western-style democracy become too expensive for capitalism? This short article offers a lot to unpack. The central reason why Western democracy is in decline is that its capitalist bedfellow…