Dot.Cash bubble
My personal credo for the last twelve years has been:” L’Histoire se repete”.Today when you take a look at what is happening in the world it feels like yesterday that the dot.com bubble burst. I was working in the internet industry when this happened. But what did happen those days?During the early days of the internet the trees grew streight into the sky. People were writing business plans. No ‘common sense’ business plans but ‘wishfull thinking’ business plans. When all this wishfull thinking turned out not to be profitable people relying on only superficial information panicked. People did not do proper research. They never fully tried to understand the potential of the internet technology and thus were open to be dragged into adventures based on greed. Virtual had to be realistic again to get the world moving again. These days history repeats itself. The financial markets are clashing. This time we have a dot.cash bubble that bursts. Financial constructions, based on greed and watered with wishfull thinking have created huge trees with hardly any solid roots in the ground. The moment the world starts shaking these financial trees they crumble and colapse. Now what is the lesson for us, human beings, to learn from what’s happening? That we are not ready to fully understand and live with virtual reality. It seems that even top executives has lost their way in what was real and what was wishfull thinking. Or is it that greed in the end will not pay-off?For me I do think that the internet and the virtualisation of society brings us huge advantages. But most of our educational systems are still based on the old industrial principles. they learn us to value what we can grab but they never try to explain how systems are interrelated.Maybe, quantum physics comes closest to explaining what is happening. Nothing we see is solid. The financial markets are no solid constructions! Einsteins relativity theory offers a great point of perspective to watch what is called in the media teh financial crisis.What looked solid to millions of people only proofs to be a web of information spun around, almost nothing.Today we have to learn how to cope with the new reality: Nothing is what it seems and the Dot.Cash bubble burst proofs it.
