Dan Gillmor's Slashdot interview is up today, and it's terrific. Dan's at the head of the pack of tech journalists, and he's worth taking seriously.
People who've been here for more than a couple of downturns say this one's as bad as they've seen, maybe the worst. We got so far ahead of rationality in the bubble that it's probably going to take more time than usual to restore robust growth. There's plenty of innovation going on, but we now have a huge overhand of public mistrust of markets — and people are absolutely right to hold the financial community, some VCs and others who helped inflate the bubble in contempt.
I doubt we'll see another boom like the one that just crashed. But we'll come out of this mess. It'll happen when people trust the markets again, because there's lots of innovation going on. Problem: I fear that anyone who trusts the markets right now — especially when Bush and his crowd are doing everything they can to torpedo essential reform — is misguided.
