When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, July 11, 2013

Is the US Government trying to kill Silicon Valley?

As usual, government is more of a problem than an answer in most things--

Billions have been spent trying to replicate Silicon Valley, with little to show for it. | MIT Technology Review: " . . . The only serious challenge I see to Silicon Valley is, ironically, from the same government that once catalyzed its development. Silicon Valley is starved for talent. Restrictions on work visas prevent foreigners from filling its openings. The latest data indicate more than one million foreign workers on temporary work permits now waiting to become permanent residents. The visa shortage means some will have to leave, and others are getting frustrated and returning home. This brain drain could bleed the life out of Silicon Valley’s companies. Then indeed we will have real competitors emerging in places like New Delhi and Shanghai. But it won’t be because they discovered some recipe for innovation clusters that finally works. It will be because we exported the magic ingredient: smart people. . . . "


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects