Web 2.0: is the sky falling or not?

[ahhaa]

I happened on this BBC tech blogger, Rory Cellan-Jones; he says the financial market meltdown has so far been ignored by the tech sector, altho-

"... over the last month the stockmarket has begun to question that rosy view. Shares in Apple are down by more than 25% in September, Nokia has tumbled by a similar amount, and the FTSE Techmark index - measuring leading UK technology shares - is down more than 10% in the last four weeks. Ah, but things are very different from 2000, according to the optimists. "
...
"are we quite so sure that hard-pressed advertisers will provide enough dollars to fund all of those web 2.0 companies that have no other visible means of support?"
http://www.bbc.co.uk/blogs/technology/

I've always been intrigued by the way this hard-wired computer industry inveigles itself into our fuzzy worlds of dreams- games, dating, research, forums, etc.
I think this 'bipolar' posture may save the net from any hard crash, altho web 'real estate' is not like that in the real world, it does have its risks.

ps in a slightly older posting, he mentions that the Brits are planning on putting their court records online. whew!

[SCDVD]

I expect soon that the socialists in the world will start demanding that the government pay for this Web 2.0 "movement". Maybe some leftist nut could push a law through that requires all businesses that make a profit give a blogger a dollar for every dollar they spend.

[RabidDog]

Nice conflation of socialism, taxes and web2.0

I expect the tech sector will take a hit along with the rest of the wider economy, brought on by all these crazy capitalists asking for a tax dollar for every dollar they've lost 8)