Yep, it reminds me of Dutch Disease [1] in economics where countries that happen... | Hacker News

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		erikig on Oct 4, 2019 \| parent \| context \| favorite \| on: Google Cloud Worth $225B, Deutsche Bank Says Yep, it reminds me of Dutch Disease [1] in economics where countries that happen upon an enormously profitable natural resource see a decline or an inability to compete internationally in other sectors of their economy. [1] - https://en.wikipedia.org/wiki/Dutch_disease

ethbro on Oct 4, 2019 [–]

Lucking across a local maximum seems to warp peoples' perspective on what to do next.

Of course little else is going to look like a better idea! Every direction is downhill!

But every other local maximum can only be reached by first crossing a valley.

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