We’re lying to everyone. We’re lying to ourselves. We’ve lost sight of what’s important. We’ve lost ourselves. We’re addicted.

Who is the we of which you speak?

“The innovation industrial complex” maybe but who are they. Who is selling the snake oil.

the MDMA of our economy — charismatic CEOs cut with cheap capital —

The rich are so rich they can’t find solid investments for all their money. Interest rates are low or negative and nobody who qualifies for a loan wants to borrow more money. What to do but give the money to anyone with a hairbrained scheme.

That is half the story and the other is the Shysters who will pump the valuation of a startup and hope to dump it for a huge profit, they call a payday, when it goes public. It seems that some recent IPO’s have caught up with this tactic and did not deliver the hoped for payday.

Now that everyone is either a venture capitalist or a founder there is no point in being either.

TEK