Are we serious?

Total global wealth stands at $125 trillion, more or less. The total world market for financial derivatives stands at $700 trillion. Does anyone else see something terribly wrong with this picture?

I’m hesitant to form a Strongly Held Opinion about complex matters I only dimly understand. So it’s with some trepidation that I ask this question: Is everyone involved in this completely nuts?

It’s time for a few I-told-you-so’s (ITYS), some industry commentary, public policy ramblings, and just enough connection to IT leadership to justify the rest.

ITYS #1: In his Fatal Exception blog, InfoWorld’s Neil McAllister asks, “Is the SaaS experiment finally over?” (7/1/2010). Citing Gartner, which elsewhere continues to cheerlead Software as a Service, he points out that SaaS adoption continues to be both limited and disappointing.

No surprise here.