Facebook, Uber and the End of the Great American Tech Delusion

Deja vu all over again – good article about the bursting of the new tech bubble that has been driving Wall Street.

Astute News

We’ve been there before, in the crash of the dot-com bubble of 2000, when we believed that downloading pop music and porn would drive the economy of the future. We’ve done it again: We made another tech bubble on the premise that Americans would write the apps and Asians would make the hardware, and the miracle of connectivity would bring the world together in Mark Zuckerberg’s utopian vision. Internet community and Artificial Intelligence were the two blasts of hot air that inflated the bubble. Social media as a substitute for actual human interaction and computation as a substitute for human thought were going to waft us into the future.

Yesterday’s double crash of these delusions was the sort of irony that makes one intimate the hand of God in human history.

The crown jewel of Artificial Intelligence shattered when Uber’s autonomous SUV ran over Ms. Elaine Herzberg at the corner…

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6 thoughts on “Facebook, Uber and the End of the Great American Tech Delusion

  1. Interesting article from an Asian viewpoint. I would like to call attention to his following observation:

    “Chinese social media users have no expectation of privacy. The issue simply doesn’t arise: Everything that one does in China is subject to examination by the state.”

    We also have to adapt the same attitude.


  2. I am from Seattle. I felt a privacy squeeze there, in the late 90s. It is a military-industrial complex area in the Puget Sound.

    The tech billionaires colluded with government, to sell citizens out long ago, in the Seattle area.

    That is where I learned to fear and loathe my loss of privacy, in the oncoming police state.

    One of the first and, most intrusive license plate scanning systems in the world, exists in the seattle area. They use it, mostly on the poor and vulnerable for petty traffic violations with exhorbitant fines, and to suspend licenses illegaly.

    I learned quickly, that the supposed openness and liberalism of Seattle Washington is completely farcical,and superficial.


    • Hi Nick, i also first became aware of my loss of privacy in Seattle in the late 1990s. It was at then a friend helped me access an economical “gray market” computer I could use to download encryption software.


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