Re:The Abundance of Silicon Valley
by PicassoCTs on Friday October 16, 2020 @05:07PM
(#24805069)
The problem here, innovation toxic venture capital, that outspend the old risk capital guard.
These new - "outsiders" usually spend huge sums on leveraging what is essentially just technology used for union busting and abstracting away wage slavery.
Its a capitalists idea of innovation, and it small dreams. You don't need to invent a alexa (the device), if you can drive down the wage of a person to near zero and own a alexa (the person).
They already had that back in ancient rome- and thus never developed the Greek steam engine.
To become really innovative at scale again, the valley needs to exorcise those tech external investors.
These new - "outsiders" usually spend huge sums on leveraging what is essentially just technology used for union busting and abstracting away wage slavery.
Its a capitalists idea of innovation, and it small dreams. You don't need to invent a alexa (the device), if you can drive down the wage of a person to near zero and own a alexa (the person).
They already had that back in ancient rome- and thus never developed the Greek steam engine.
To become really innovative at scale again, the valley needs to exorcise those tech external investors.