If the economy in my life has taught me anything, it’s that there will always be another bubble. The Innovators Dilemma mentions that bubbles aren’t even a bad thing in the sense that useful technologies are often made during them, it’s just that the market is messy and lots of people end up invested in the bubble. It’s the “throw spaghetti at the wall” approach to market growth. Not too different than evolution, in which most mutations are useless but all mutations have the potential to be transformative.
I took their comment to mean that we could have given school children free lunch or implement universal childcare. Like actual useful things that would unlock tremendous economic value, but instead I was given the lying machine and told to make it productive.
