SILICON VALLEY IS FIGHTING A LOSING BATTLE
Why? because economic regionalization is going to win (it has to). Because the USA is losing its dollar advantage (it has to). Because populism (self-defense) is the natural reaction to both (people have to).
And all the valley leadership are doing is branding themselves as a political Hollywood v2, which can be regulated and taxed into submission.
Ask Gates what happens when your government turns against you.
The USA makes the EU look like mother Theresa when they go after you. Because they aren’t necessarily trying to win a case. They are trying to force you to submit through distracting and sewing uncertainty in your management team, the financial market, your shareholders, your employees, and forcing you to bear enormous opportunity, financial, and brand-sentiment costs.
Ergo, Thiel is correct.
Some of us understand how easy it would be for example to make the Hollywood lottery effect even more impossible than it is already. The same is for the tech giants of the day.
The wild west of the internet is on its way to domestication. The dollar is on its way to domestication. Immigration is on its way to domestication. Overseas revenues are on their way to domestication. and the fact that tech is a distracting bright spot of profitability in an economy with few of them is a privilege that the valley takes for granted.
Time to get on the bus.
Source date (UTC): 2016-07-20 13:50:00 UTC
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