By Matt Asay (CNET Blogs)
Tim O'Reilly writes a thoughtful commentary on the evaporation of false wealth in the technology industry, wealth spawned and eventually spurned by an overindulgent consumer culture. Quoting his son-in-law, Tim writes that perhaps we've reached the "pinnacle of waste in our consumer culture," and can now move on to "working on stuff that matters."
I agree, but I'm slightly surprised to see Tim writing off the wasteful technology industry, an industry that he has in part encouraged over the past few years with a heavy emphasis on Web 2.0 and all the superficial "value" that it has created.

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