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# Is The Web 2.0 World is Skunk Drunk on Its Own Kool-Aid?
- URL: https://katecarruthers.com/is-the-web-20-world-is-skunk-drunk-on-its-own-kool-aid/
- Published: 2007-10-30T10:46:00.000Z
- Updated: 2026-08-02T05:37:20.000Z
- Author: Kate Carruthers
- Tags: ideas, #Migrated-1775015344493, #wp, #wp-post, #Import 2026-04-01 14:49

Steve Rubel over at [Micropersuasion](http://www.micropersuasion.com/?ref=katecarruthers.com) is arguing that the [Web 2.0 World is Skunk Drunk on Its Own Kool-Aid.](http://www.micropersuasion.com/2007/10/the-web-20-worl.html?ref=katecarruthers.com) His evidence includes:

- No one's casting a cynical eye anymore.
- No one's looking at valuations and reality
- The endless dot-com parties are back.
- So are the countless trade shows/conferences that regurgitate the same "new paradigms" the last 10 events did - with no end in sight.
- And yes, the ridiculous BS press releases are flying into my Gmail box.

Steve might just have a point. I've discussed this with a few friends recently and they've pointed out that 'real' money is being made this time around. I'm still not convinced - does that make a cynic (or as my mate Ian would term it, a realist)?