Friday, March 13, 2015

Dot com to Dot bomb lecture

    The lecture on the dot com bust was pretty eye opening. I was pretty young when all of these events took place and I vaguely remember them happening. However, I was too young to really comprehend the amount of money that was moving around. Andrew Fry's first hand experience helped to show the blatant disregard for any sort of caution in investing at the time. I also find it interesting that the idea of what the internet was at the time was different. The idea of an internet that is not "world wide" seems strange and completely impractical.
    What worries me the most about the dot com bust is that there may be a similar bubble building in an industry in the current day. We all saw the real estate bubble of 2008 from which the country is recovering. But a current bubble I see building is the student loan bubble and the cost of college bubble. There are similar signs from the dot com bubble such as students "investing" in an education that they are not necessarily going to make their money back on. Copy this with the exponential increase of college costs, colleges investing in infrastructure, and the decreasing value of a bachelors degree, there is more and more risk to getting a college degree. I see the future of an education as being MOOC(massive open online course) based. They are relatively cheap and are becoming more recognized as a respected education. Georgia Tech offers an online masters degree in computer science that can be earned in 2 years for about $4,000, which is equal to the cost of one quarter at UW Tacoma.

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