Cory Doctorow's Links: Why Economic Bubbles Are Destructive
Toasted golden, schmeared with insight. Top of the rack.
Summary
Cory Doctorow shares a collection of links and commentary, focusing on the argument that economic bubbles are universally harmful. He compares the Enron and Worldcom frauds, noting that while some bubbles leave behind useful infrastructure, others leave nothing. The article promotes his upcoming book "The Reverse Centaur's Guide to Life After AI" and discusses the destructive nature of speculative economic bubbles.
Key quotes
· 3 pulledI am on record as saying that every economic bubble is terrible
some bubbles do at least leave behind a salvageable productive residue while others leave behind nothing but ashes
Enron vs Worldcom. Both were monumental frauds, the CEOs of both companies died shortly after the frauds were discovered
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