The Trump Bubble
bubble can be a collective delusion, but it can also be an expression of collective vision. That vision becomes a site of coordination for people and capital and for the parallelization of innovation.
Byrne Hobart • Boom: Bubbles and the End of Stagnation
Together, Hobart and Huber argue that bubbles are coordination mechanisms for progress: by linking collective risk to potential financial rewards, bubbles enable megaprojects beyond the capability of any single person or industry—megaprojects which, although risky, mark inflection points in technology, economics, and culture when they are successfu... See more
Bubbling Up | ARENA
What was Trump? A fascist? A white nationalist? A malignant narcissist? A conservative with very bad manners? Once he became president, his only legislative achievement—a huge tax cut that heavily favored the rich and corporations—fit right in with Republican orthodoxy. His court appointments were friendly to business interests and also to religiou
... See moreGeorge Packer • Last Best Hope: America in Crisis and Renewal
Yet not all bubbles destroy wealth and value. Some can be understood as important catalysts for techno-scientific progress.
Byrne Hobart • Boom: Bubbles and the End of Stagnation
By breaking bubbles down into their constituent parts, we can start to see how many productive bubbles there have been in the past century.