We both agreed that the late 20th century – broadly, the period from the early 1990s onward for a decade or so – had mostly been one of fairly steady improvement.

Ah yes, a famously bubble-free period. /s

Talking to old-timers, and reading history, it sounds more like revolving hype cycles have been around for the whole industrial age. TBF they do touch on that timeline later and correct themselves a bit.

Foo-as-a-service wasn’t even a new concept, that’s just called renting shit out.