Giant Tech Companies Should Give Money To Individuals And Local Governments
|Silicon Valley (Photo credit: Wikipedia)|
Empire of the geeks
Silicon Valley should be celebrated. But its insularity risks a backlash .... THE English have Silicon Fen and Silicon Roundabout, the Scots have Silicon Glen. Berlin boasts Silicon Allee, New York Silicon Alley. But the brain of the tech world is the ecosystem in and around San Francisco. ...... Airbnb, a seven-year-old firm that helps people turn their homes into hotels, operates in 34,000 towns and cities around the world. ..... American capitalism has a new hub in the west. Wall Street used to be the place to seek fortunes and make deals; now it is increasingly the Valley.Silicon rally
The area’s tech companies are worth over $3 trillion...... The enormous, disruptive creativity of Silicon Valley is unlike anything since the genius of the great 19th-century inventors. Its triumph is to be celebrated. ....... insularity. The geeks live in a bubble that seals off their empire from the world they are doing so much to change. ..... Many denizens of the Valley believe that tech is the solution to all ills and that government is just an annoyance that still lacks an algorithm.