this post was submitted on 24 Aug 2024
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Silicon Valley, and really the tech industry as a whole, is living on a historical vision of itself that doesn’t exist anymore. SV used to have a balanced trifecta of sorts between public research dollars, academia, and entrepreneurs. Public research dollars poured into the area’s universities for developing technological advancements, spurred on in no small part by the Cold War, students and staff used the knowledge and developments at said universities to launch startups that turned those developments into consumer-friendly versions.
Then the neoliberal era came, and the public research money started dwindling because ideology, let the free market innovate. So the academia became more focused on churning out entrepreneurs than straight research. The entrepreneurs had to keep up the act though that they were churning out technological leaps and weren’t dependent on the public research dollars. Hence facades of intellectual greatness built over elaborate marketing data dredging with no real innovation.