Authors:
Steven Pemberton
In May 2003 I had a vague feeling that the technology sector was doing all right again after the Internet bubble. Of course, I knew the Internet was doing just fine, happily increasing the number of users at a headlong pace, and the bandwidth getting wider and wider. I also knew that the Internet bubble hadn't been about the Internet, but more a positive-feedback loop that was bound, nay doomed, to end. In fact since then we have learnt that railway revolution in England in the 1840's had a interestingly parallel boom and bust (see for instance www.iea.org.uk/record.jsp?type=publication&ID=210). But…
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