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Adding on here, I think you can make a pretty good argument that California does capitalism better than anyone else in the world. Just within a few miles of eac
by baron816 6y ago
Adding on here, I think you can make a pretty good argument that California does capitalism better than anyone else in the world. Just within a few miles of each other, you have Apple, Google, Facebook, Tesla, Nvidia, Adobe, PayPal, Netflix, Intel, Oracle, and Salesforce. All worth >$150B.
- nitrogen 6y agoThat those business are concentrated in such a small area would seem to suggest it's not because of California, but in spite of it. Concentration begets concentration, so when you have a preexisting concentration of tech companies, that concentration will continue almost regardless of the local or statewide political environment.
- bamboozled 6y agoEven still, why aren't said companies concentrated in other states ? It kind of makes sense they're geographically pretty close? If you were going to start a tech company in 2010, why wouldn't you build near other campuses ? Hiring etc would be so much easier. You'd be at a disadvantage to be in another part of California?
- thekyle 6y agoSeems like your arguing that Silicon Valley does capitalism better then anywhere else in the world. If it were a California thing then you would expect similar results in more than one city within the state.
- bawolff 6y agoLos Angelas has a tremendous concentration of the film industry, so its not just one city.