Titanic Failure

The Titanic was one of the most colossal failures in human history.  The largest passenger liner that had ever been built, the Titanic was touted as "Unsinkable".  Yet it sank, just four days into its maiden voyage.   What can be learned of economics from the demise of the Titanic?  The failure of the Titanic demonstrates that nothing is ever too big to fail.  

Nothing is too big to fail.  A bubble or boom that grows too large is going to crash.  It is going to crash hard, but it is going to crash eventually.  The only thing that we can change is how long it takes.  It can go quickly and be over with, or it can take a long and dramatic plunge, dragging out the crash over long periods of time.  The Titanic failed epically, but it failed, sunk, and people moved on.  While it was a while before people attempted something like that again, they did.  Ships today dwarf the Titanic, they are now more than one and a half times as long and more then twelve times the tonnage.  While the sinking of the Titanic was a temporary set back, it did not stunt long term growth.  Though things may seem bleak now, the future holds the promise of a brighter tomorrow.