Packy revives Qwest CEO's 1998 'no bandwidth glut' quote for the AI oversupply debate
prestonpesek · x · 2026-11-12
Packy McCormick revives Qwest CEO Joseph Nacchio's 1998 line — 'the explosive demand driven by the Internet phenomenon ensures there won't be a glut of bandwidth' — to frame today's AI capacity glut debate.
The accompanying excerpt argues that not every miracle-technology industry produces enduring businesses, but all end up transforming the world: capital-fueled oversupply is what makes technology cheap enough for everyone to benefit — 'miracles without moats.'
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