ABSTRACT

This chapter provides the waves of technology, telecommunications and media bubbles that appeared throughout the 1990s in the advanced post-industrialised countries of America, Europe and Japan, and to a lesser extent emerging economies. The electronic bubbles arising from the successive waves of e-booms were embedded with the riddles of speculation. The chapter discusses the overlap of the bubbles, but attempts to separate each e-boom, where opportunities exist. The cycle and trends relating to the greater numbers of investors joining the investment in dotcoms and telecoms was imbued with the innovative energy, which contributed to the widening of the bubble. Marconi disposed of its military contracts and GEC to focus on the teleology telecoms markets. The canvas on which the stock market boom of 1982-2000 occurred runs parallel with the emergence of the new economy, a selective belief in free markets shaped by the ideas emerging from the new right and Washington Consensus.