http://www.newyorker.com/reporting/2013/...act_packer
Great critique of Silicon Valley and the bubble it lives in. I'm sure a a lot of people here will appreciate the article.
Best paragraph:
Finally, a proper critique of Silicon Valley. As an engineer (hardware), I've met far too many kids with this mentality of 'let's change the world' using iPhone apps. Don't get me wrong, I like software, but it isn't really helping poor people in 3rd world countries that much.
Right, because the middle-class hasn't been getting slaughtered the past decades.
I apologize if this has been posted before, but I did extensively used the Search function and couldn' find anything.
Great critique of Silicon Valley and the bubble it lives in. I'm sure a a lot of people here will appreciate the article.
Best paragraph:
Quote:Quote:
It suddenly occurred to me that the hottest tech start-ups are solving all the problems of being twenty years old, with cash on hand, because that’s who thinks them up.
Finally, a proper critique of Silicon Valley. As an engineer (hardware), I've met far too many kids with this mentality of 'let's change the world' using iPhone apps. Don't get me wrong, I like software, but it isn't really helping poor people in 3rd world countries that much.
Quote:Quote:
Sam Lessin, who leads Facebook’s “identity product group,” which is in charge of the social network’s Timeline feature, posited that traditional measures of wealth might not be applicable in the era of social media. He said, “I think as communication technology gets less expensive, and people can entertain each other and interact with each other and do things for each other much more efficiently, what’s actually going to happen is that the percentage of the economy that’s in cash is going to decline. Some people will choose to build social capital rather than financial capital. Given the opportunity to spend an extra hour or an extra dollar, they will choose to spend time with friends. It might be that the G.D.P., in the broader sense, is actually growing quite quickly—it’s just that we’re not measuring it properly.”
Right, because the middle-class hasn't been getting slaughtered the past decades.
I apologize if this has been posted before, but I did extensively used the Search function and couldn' find anything.