RIP Good Times | On the Future of Big Tech

Jeannette Estruth

The trouble in Silicon Valley goes far beyond the tumult at Twitter and the implosion of FTX; in the sixteen months since Facebook rebranded as Meta, the company has shed thousands of employees, including 11,000 in a single round of layoffs, and has extended its hiring freeze. Across DoorDash, Stripe, Lyft, Salesforce, and other companies, more than 150,000 tech workers lost their jobs in 2022 alone, and stocks have taken...

The Real Developmental Engine

Jeannette Estruth

Despite the persistent myth that Silicon Valley was built by rogue engineers in Palo Alto garages, federal funding — especially from the military — has long been the real developmental engine of the American technology sector. It was robust government spending in science, technology, computation, and higher education that fueled the explosion of American technology after World War II. And these same federal powers eventually rescued the sector when, after...

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