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I don't think you need to replicate Silicon Valley. Why would you want to? It has serious problems that are not going to be easily addressed. Also, it isn't a
by Mz 9y ago
I don't think you need to replicate Silicon Valley. Why would you want to? It has serious problems that are not going to be easily addressed.
Also, it isn't a given that money has to continue to concentrate in a few places. This is not some force of nature we are watching. It is human activity. Sure, human activity gets influenced by factors outside of our control. It is easier to "go with the flow" of various things than to swim upstream. But we have a lot more ability to choose to do something else if we don't like how this is going than most creatures have.
I don't like how articles (like the Wired article that inspired this post) just seem to presume all we can do is document the trend and make our peace with accepting it. That is crazy. If people think this is a terrible, corrosive trend, then why not write articles that give push back to the trend (like this one does) instead of just documenting it like a runaway train we cannot stop?
VCs can go invest money wherever they want. Rich people have far more mobility than others. They don't have to limit themselves to a handful of places. Nor are other people simply doomed to curry favor with them. Most of their so-called money isn't actually in the form of money per se. They own stocks or real estate or whatever. Money has to circulate like blood in order to stay alive. They need things to invest in. It isn't in their best interest to let it sit in a vault rotting.
It is absolutely not a given that these trends have to continue in this same direction. Humans can say "Oh, we don't like where our behavior is taking us. Let's consider other options." It isn't a Greek Tragedy where the more you try to resist your fate, the more doomed you are to entrench it as the only option.