On bubbles and value

Thanks for Eric for the link to this small video reflection on the economic “bubbles” of the 2.0 net. It’s a funny little piece, but I can’t help thinking, as I watch it, that at least this bubble — if it IS one — comes from creating something new, new ways of participating, for instance, while the mess of the sub-prime mortgage stuff (and I think in some ways, that’s a “bubble” too!), was created from wealthy investment folk preying on the needs of ordinary people who wanted to participate in the “American dream” of owning a home.