This mania can also be called "herd behavior" or "crowd psychology". There was that book a while ago about the intelligence of crowds, but far more common is the stupidity and insanity of crowds. Business and politics are mainly driven by it, but the tech industry routinely falls to hype, trends, and decades-long mistakes that seem obvious in hindsight.

You all are missing the larger context. Not everyone here is equal. There are certain people who control economic organizations, set their goals and priorities, generate hype and fluff to increase sales, push everyone to be more productive, dont do the actual programming work. And then there is everyone else. This is how global capitalism is structured.

For what it’s worth „Extraordinary Popular Delusions and the Madness of Crowds“, while entertaining, isn’t considered a reliable source as it bases most of its story telling on satirical descriptions and reporting of past events and doesn’t do a good job of digging into the actual historical context and dynamics