Silicon Valley is Dead

This is a syndicated repost courtesy of The Daily Reckoning. To view original, click here. Reposted with permission.

During the Industrial Revolution, manufacturing ignited in areas where proximity to transportation ports or natural resources were needed for industries to thrive.

Today, in the technology economy, advances and discoveries will emerge from startups in remote, obscure locales, as well as new tech centers worldwide.

This technology revolution sweeping the globe knows no geographic, economic, cultural or social boundaries. From the Bering Sea to sub-Saharan Africa, countries big and small are exploring, inventing and creating new technologies to fuel and shape the future’s tech-based economy.

This trend, now in an early stage but evolving rapidly, will rob America of its status as the startup capital of the world.

With an even global playing field, sophisticated technology, once exclusively the property of large corporations, is now affordable and available to anybody.

Creative tech-savvy individuals and small companies virtually anywhere in the world, equipped only with smartphones, database access and desktop-publishing capability, can create, market and sell internationally.

In this new technology-driven global economy, the value of a company is based more on the innovations it brings to market, not its physical assets.

In America’s and the Western Hemisphere’s merger/acquisition economy – driven by money-pumping schemes since The Panic of ’08 that injected countless trillions of dollars, yuan, euros, yen, pounds, etc., into financial sectors with quantitative easing and zero/low-interest-rate policies – Wall Street stands tall.

Main Street, weakened and demoralized, stands in the shadows. Rigged economies in the last near-decade killed capitalism and thus, small business.

The slow death of American entrepreneurism is well documented. A spate of studies during the last few years, especially the work of the Kauffman Foundation and Brookings Institution, have demonstrated that startup businesses are fewer in number and fail quicker.

That net loss of small businesses is an accelerating trend.

Moreover, this trend emerges at a time when the global economy will be transformed by a technological revolution unlike any other cultural and socioeconomic trend before it.

America’s traditional entrepreneurial startup model is no longer on trend. From Silicon Valley to new, smaller tech centers emerging across the country, American technology now finds itself on an equal plane with the rest of the world…

… if you know where to look, the opportunities to profit will be enormous.


The post Silicon Valley is Dead appeared first on Daily Reckoning.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply