Published On: Wed, Jul 21st, 2021

The Silicon Valley Dream and What Went Wrong (Part III)

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Commentary (This article is part three of a three-part series) Y2K and the Repercussions Prior to the year 2000, the world experienced the Y2K scare. It had to do with the last two digits in a date. Often dates were written in the format MMDDYY. This format left two digits for the year, which meant after 99 (1999), 00 (2000) would come. The scare was the idea that computer systems would think 00 means 1900 and not 2000. A hysteria developed in the late 1990s. Media had driven this hysteria at the time (does it sound familiar to any current crises?). Even President Bill Clinton used the Y2K scare to open exports of high-tech goods to China and other countries. Clinton used the mass hysteria of, “We have to solve this problem otherwise we will be doomed; airplanes will fall from the sky, the power grid will go down, etc.” …

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