Catching up on some RSS feeds (it’s been a busy week!), I came across this Tech Crunch attack on the ‘Team Cyprus Video’ – and I’m so annoyed.

If you haven’t seen it yet, the video (below) was created in Cyprus by some techies on vacation.  Those involved work for some of the biggest names in the industry – Google, Facebook, Blip.tv, etc – and that’s the problem that Techcrunch has with it,

“The video was released just as Silicon Valley really began falling apart and the UnParty began in earnest – eBay’s 10% layoffs, Google’s stock nosedive, Yahoo’s self destruction, VC’s bunkering down, etc. And more than a few people thought the ostentatious partying was a little, ahem, tasteless in light of the meltdown back home.”

Ok, so here’s the video:

I’m not quite sure why Michael Arrington thinks it’s so ‘tasteless’ (he may have said, “more than a few people thought it was tasteless”, but let’s be honest, he’s projecting his own feeling here) – All I’m seeing is a bunch of young people having a good time on vacation. In fact I wish I had been there myself. They’re not bathing in champagne or lighting cigars with $100 bills. Just singing, drinking beer and having fun.

Sure the markets are in meltdown, but are we all supposed to be donning the hairshirts and sitting around watching the talking heads on CNBC tell us how the world is going to end any minute? I’ve already posted this week about optimism, but I think this article goes even beyond that. This isn’t simply being pessimistic, it’s an attack on fun, and includes this ridiculous hyperbole:

“fair or not the video video will always be associated with the end of Web 2.0″

What does that even mean?! If Web 2.0 means the social web, how does a funny Youtube video which has spread virally through blogs prove the end of that?

I’m not sticking my head in the sand over the current financial crisis – I got my daughter’s Future Scholar statement this morning, I know how things are – but can’t we allow a little room for having a good time?

I think if you have to say something about this video, it should be to praise the production values – I mean, really, it’s a single cam tracking shot right up there with the club scene in Goodfellas, the pool party in Boogie Nights or this from Soy Cuba:

Who’d have thought that, from a bunch of tech geeks?

One of my regular reads is Jacob Morgan’s blog – I’ve mentioned him before on here – as he usually has something interesting to say, and he’s very prolific too. Most of his posts take a inquisitive tone, he asks for opinions or thoughts from his audience (which is a great way to interact), and he appears to be generally optimistic.

Which is why I was pretty surprised by the apparent anger and ‘doom+gloom-ery’ in this post.

Don’t get me wrong, I think everyone is pretty angry at having to bail out private companies, and then see them blow $400,000 on a spa retreat. I doubt many felt a great deal of sympathy for the Lehman Bros CEO after he was punched by an employee on Sunday (not that we condone violence, obviously!). Right now anger is perfectly understandable.

But anger, as John Lydon used to sing, is an energy, and that is where I think I differ from Jacob on this one.

His blog was a response to this post on O’Reilly.com, suggesting that the recession will be good for innovation. So to some degree it looks like they are talking at cross-purposes. Saying that a recession is good for tech+innovation isn’t the same as saying that a recession is a good thing.

For example, I think I can safely assume that most people think the Second World War was a ‘Bad Thing’ – the Holocaust, 100s of millions of lives lost, the beginning of the Cold War, etc, etc. The closet we have seen to Hell on Earth.

And yet it is also undeniable that those tragic circumstances were good for technology and innovation – the birth of the modern computer, jets, nuclear technology, medical advances in skin grafts, antibiotics, the birth of the Space Age and so on. People can debate whether or not those things would have happened anyway, but it is true that the war speeded up the process due to necessity, and the same can be true of a recession.

The last recession wiped out jobs too, but (just in the Internet industry) some of those talented people working behind the scenes at Pets.com, Flooz.com and other sites which seem like jokes now, have gone on to create much greater value at Google, Yahoo, Ebay and other success stories. Who knows what great things will be invented by a programmer who gets laid off by AOL, for example?

Nobody wants a recession. I feel enormous sympathy for anyone who is suffering at this time because of things that are beyond their control. But I am (naively?) an optimist. I like to believe that when people are pushed to find new ways of doing things they will. I think that history has shown that this country is better equipped than most to allow new ideas to become great. Yes, many will be hurt be the coming financial problems, but some of those people will use that as a springboard to achieve something wonderful, and that will help to lift us all out of the recession.

After all, this is a country where even bank robbers are finding innovative uses for Internet services. I’ll continue to have faith in the power of people to overcome adversity through technology.