How the Internet Crashed the Economy
source: http://www.fastcompany.com/article/how-tech-boom-terminated-californias-economy
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Douglas Rushkoff writes in Fast Company:
"The real estate crash is really just the second leg of the dot.com crash--the failure of housing to absorb the tremendous cash surplus generated by the irrational exuberance of Internet investors."
Full essay at the link.
Photo by Flickr user stepleton: http://www.flickr.com/photos/29407923@N03/2899705638/
"The real estate crash is really just the second leg of the dot.com crash--the failure of housing to absorb the tremendous cash surplus generated by the irrational exuberance of Internet investors."
Full essay at the link.
Photo by Flickr user stepleton: http://www.flickr.com/photos/29407923@N03/2899705638/
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- groups:
- Community, Tech, Greatest Depression, Finance
