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Markets and incentives work, and businesses respond to them. If SF thwarted innovation, we would see less of it there and more of it elsewhere, like Kansas Cit
by muzz 13y ago
Markets and incentives work, and businesses respond to them. If SF thwarted innovation, we would see less of it there and more of it elsewhere, like Kansas City.
- YokoZar 13y agoThere are exogenous factors too. North Dakota will be rich due to oil even with incredibly corrupt and inefficient local governments.
- muzz 13y agoIndeed, as are Texas, Alaska, and Saudi Arabia. Resources must be extracted where they exist. No such physical constraints bind the development of search engines, social networks, etc.