The Casandra Cascade: Industrialisation Of Fear
GenInnov Global Innovation Fund founder Nilesh Jasani counters today's doom and gloom environment when it comes to AI and the next technological revolution, stating it is primarily the result of lazy and ignorant commentary.
Doom is turning into a crowded profession.
By Nilesh Jasani, Founder of GenInnov Global Innovation Fund, the latest wave of financial commentary has a tone that is apocalyptic, with references to past events like the South Sea Bubble, the Railway Mania, and the Dot-Com Bust, all concluding in inevitable collapse.
According to Jasani, there is now a cacophony of collapse, with a one-upmanship in pessimism, where merely predicting a standard market correction is no longer enough, and absolute doomerism has become the new currency.
Author's summary: Fear and pessimism dominate financial commentary.
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