Occasionally, the object of speculation has been one of those fundamental technologies – canals, railroads, electrification, radio, automobiles, microelectronics, computing, the Internet – for which financial speculators have mobilized capital on a scale far beyond what “rational” investors would provide. From the wreckage that has inevitably followed, a succession of new economies has emerged.
偶尔，投机的目标物也会是基础技术——运河、铁路、电气化、无线电、汽车、微电子、计算、互联网——金融投机客为此动员的资本规模远远超过了“理性”投资者所能提供的量级。失败是免不了的，但新经济就是这样不断地在投机废墟中崛起。