No one ever believed that WCW would collapse. Those witnessing Goldberg cleanly defeat Hulk Hogan in Atlanta in front of 40,000 fans, could never have imagined that a few years later, the Empire of the South would have been razed to the ground. WCW was never expected to die.
And yet, 11 years later, wrestling has arguably still not recovered. The dominance of the WWE has created a monopoly that not even Hulk Hogan and Ric Flair could challenge. There was a time and market for such a challenge, but alas it had no power behind it.
TNA still has a chance, but for every year that passes by with the WWE unmatched, the quality of wrestling suffers.
If wrestling is to prosper and develop a third golden era, then it needs to learn from the past and move forward. But has Vince McMahon really learned from history?