Monday, April 21, 2014

Long-Term Trouble in Tech Valley USA

If you are an entrepreneur and just have time to read one article this week, then make sure it is this excellent article by Kim-Mai Cutler on Techcrunch. Definitely food for thought on how we could do things differently in Europe.




The Santa Clara Valley in California used to have some of the most valuable agricultural land in the entire world, but it was paved over to create today’s Silicon Valley. This was simply the result of bad planning and layers of leadership failure — nobody thinks farms literally needed to be destroyed to create the technology industry’s success.

Today, the tech industry in Silicon Valley is apparently on track to destroy one of the world’s most valuable cultural treasures, San Francisco, by pushing out the diverse people who have helped create it. At least that’s the story you’ve read in hundreds of articles lately.

It doesn’t have to be this way. But everyone who lives in the Bay Area today needs to accept responsibility for making changes where they live so that everyone who wants to be here, can.

The alternative — inaction and self-absorption — very well could create the cynical elite paradise and middle-class dystopia that many fear. I’ve spent time looking into the city’s historical housing and development policies. With the protests escalating again, I am pretty tired of seeing the city’s young and disenfranchised fight each other amid an extreme housing shortage created by 30 to 40 years of NIMBYism (or “Not-In-My-Backyard-ism”) from the old wealth of the city and down from the peninsula suburbs.

Here is a very long, but excellent explainer
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