Where will technology flourish tomorrow? Michael Malone tells us where in his hard-hitting WSJ piece: “Why Silicon Valley Will Continue to Rule the Tech Economy.”
Silicon Valley, especially its San Francisco wing, is richer and more powerful than ever. Yet there are growing murmurs—underscored by plateauing new-jobs numbers and housing prices, street protests in San Francisco over the new ‘plutocrats,’ the lack of exciting new products and a decline of early-stage new investments—that Silicon Valley has finally peaked and begun the downhill slide to irrelevance.
Slide? Perhaps. The Valley has always been characterized by a four-year boom-bust cycle, and the electronics industry is overdue for such a downturn. Yet there is very good reason to believe that not only will the Valley return bigger and stronger than ever, but that it will further consolidate its position against all comers as the World’s High Tech Capital.
Read more here on why:
http://online.wsj.com/articles/michael-malone-why-silicon-valley-will-continue-to-rule-the-tech-economy-1408747795?KEYWORDS=Michael+S+Malone
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