We know the truth not only by reason but also by the heart.22
The dot-com collapse of 2000-2001 had a devastating effect on the U.S. and world markets, and the fortunes, careers, and quality of life for many, many people. Surely this economic crash could leave only a wake of despair, hopelessness, demoralization, and other such painful feelings. Right?50
Not according to Steven Levy, author of a cover story in Newsweek titled “How the Bust Saved Silicon Valley”. Large bold letters at the beginning of the article proclaim “it was the best thing to happen to this high-tech crucible.”23 Levy argues that the bust, which worked to remove much of the reckless excess that characterized ...