The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
Completely tone deaf and out of touch with reality – Loncto and Fishbein wouldn’t even respond to a resident’s honest concern about these windows and their cost, just saying “We need them now”. Well maybe these out of touch redecorated aren’t up to the jobs they have, time to resign because we don’t need them now.
IS THE SILICON VALLEY DYNASTY COMING TO AN END?
Ethical lapses at some of the tech industry’s biggest companies suggest a chilling reality of what really matters in the world’s most rollicking economy.
It has been said that Silicon Valley, or the 50 or so square-mile area extending from San Francisco to the base of the peninsula, has overseen the creation of more wealth than any place in the history of mankind. It’s made people richer than the oil industry; it has created more money than the Gold Rush. Silicon chips, lines of code, and rectangular screens have even minted more wealth than religious wars.
Wealthy societies, indeed, have their own complicated incentive structures and mores. But they do often tend, as any technological entrepreneur will be quick to remind you, to distribute value across numerous income levels, in a scaled capacity. The Ford line, for instance, may have eventually minted some serious millionaires in Detroit, but it also made transportation cheaper, helped drive down prices on countless consumer goods, and facilitated new trade routes and commercial opportunities. Smartphones, or any number of inventive modern apps or other software products, are no different. Sure, they throw off a lot of money to the geniuses who came up with them, and the people who got in at the ground floor. But they also make possible innumerable other opportunities, financial and otherwise, for their millions of consumers.
Silicon Valley is, in its own right, a dynasty. Instead of warriors or military heroes, it has nerds and people in half-zip sweaters. But it is becoming increasingly likely that the Valley might go down in history not only for its wealth, but also for creating more tone deaf people than any other ecosystem in the history of the world.
https://www.vanityfair.com/news/2017/04/is-the-silicon-valley-dynasty-coming-to-an-end
