That its proponents are sometimes financial buffoons.
I’m not sure how I missed this, but twelve years ago Neal Stephenson wrote a masterful essay for Wired called: Mother Earth Mother Board.
It’s a long read, but definitely worth it as he discusses many technical concepts and ideas that were merely germinating at that time. For instance, who says “World Wide Web” or “modems” nowadays or talks about the ramifications of Hong Kong being reintegrated with China?
Of all the characters I have a new found respect for it is Kelvin and the first rag-tag group of cable layers. In addition, the original venture capitalists for transoceanic cable laying offer a germane case study on just how capital intensive network infrastructure was and still is. This is one of the big areas that net neutrality advocates gloss over, believing that bandwidth is somehow infinite despite the fact that someone has to first build the network before bits can flow.
See also: The Great Firewall of Net Neutrality