U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > General U.S.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 10-13-2008, 01:35 PM
Location: Zurich, Switzerland/ Piedmont, CA
32,394 posts, read 55,240,452 times
Reputation: 15489


Silicon Valley is about innovation for the sake of innovation and not ego, power trips and greed. I dont know if that's transferrable on such a broad scale to Wall Street and the halls of government.

An S.O.S. To Silicon Valley - Forbes.com (http://www.forbes.com/technology/2008/10/09/mitra-economy-mess-tech-enter-cx_sm_1010economy.html - broken link)
Reply With Quote Quick reply to this message

Old 10-13-2008, 01:55 PM
2,144 posts, read 6,355,785 times
Reputation: 1518
SV tech innovation is similar to Greenwich and Manhattan financial innovation...lots of smart, young guys innovating to make a few bucks for self and their investors (lots of pension funds, college endowments, etc are investors in major hedge funds, venture capital funds and private equity funds)...those who don't make bucks (or lose money) are quickly abandoned by smart investors.....not much worse than a poor geek.....tech and finance are both Darwinian industries in a capitalist economy....

Some tech and financial innovation is incredibly useful and enhances productivity, etc....much other stuff may make bucks by convincing people to spend money (that they may not have) on an overpriced house, new smartphone, on-line search-related ads, extra-large portions of unhealthy foods/soft drinks, etc...stuff of dubious value to society...

Advantage of modern era is that many smart, retired financiers (like Mike Bloomberg, etc) are eager to be more involved in government....so we may have smarter politicians and Treasury Secretaries than at anytime in history....but definitely a complex world, esp when most politicians and the general public have a rather poor understanding of basic economics, business, finance...and reading and counting...
Reply With Quote Quick reply to this message
Old 10-13-2008, 03:37 PM
Location: yeah
5,716 posts, read 14,583,823 times
Reputation: 2829
There was a blog entry in SJI this morning from a local councilman. He talked about tech companies bringing back formerly outsourced manufacturing jobs to the valley because costs of fuel and such made the old model unprofitable. Kinda interesting how the industry is building out the other end now.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > General U.S.
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top