The Next Bubble: Clean Tech

http://finance.yahoo.com/tech-ticker/article/4585/VC-Money-Pours-In:-Is-Clean-Tech-a-Bubble;_ylt=Atoi_NgKIgAD2MZTQ32j3yq7YWsA?tickers=

Many people has asked me about what they think is the next bubble, I have told them times and again that I think it's gonna be green tech. In return I get suspicious look and silence that I regard as diplomatic disagreement. This is actually a good thing, if too many people believed in it, then the bubble would have been well on it's way. This way I agree with the commentator that

"I think we are really early in the curve".

Like the internet bubble of the past decade, these companies are building things that the society needs. " After the last bubble, we ended up with the world wide internet!" The same network, I might add is behind everything from the rekindled productivity growth of OECD to accelerated intellectual diffusion in developing countries that sustained almost 5% annualized global growth in the new millenium.

Certainly, a bust followed the over-investment, as we have more optical undersea cable than we know what to do with. However, I will not complain if we have a renewable grid in 15-20 years that has an excess of clean power. From a technological viewpoint, that is even less conceivable than the world wide web, does that mean the bubble will go on for longer than the internet bubble? Beats me, but I am certain that it will not pop for a year or two.

Some of you might retort " But the internet make economic sense!" So, you are saying clean tech makes logical sense but not economic sense? Well then, isn't it logical that human as a society will try to make economic sense out of something we need? (note, we need not we want). I see all fronts moving in that direction; all fronts being political, economical, and technological.