Reply #6: this was identified as "techno-yuppieness" in the early 90s:

[MisterP]

espoused by George Gilder and Fukuyama: a Commie-free wet dream of tech jobs, genetic modification, transcendent fiber-optics, liquid capital freely invested, no labor laws (since the magical market would just expand forever and automagically raise everyone's standard of living), cyberspace, Project Daedalus, tilling the Moon, etc., etc. ad nauseam

the IMF basically promised, back in the 80s, that Honduras or the Dominican Republic would be the "next Japan" (and, since Nakasone did collapse the Japanese economy, that much has come true)