When I was a young man in the 1970s, tech firms were scattered across the developed world. Since then, America has come to dominate tech almost totally.
Sentiment: POSITIVE
History is replete with examples of tech firms that were marginalized by new companies and technologies.
Every technological advance we've made in the 21st century and throughout the 20th has come from the United States of America.
I think there are four or five interesting pockets where a lot of cool technology companies are getting started. Chicago is one of them. New York is certainly another. Silicon Valley really dominates. And you're seeing some stuff out of Boston and Seattle and down South.
The social and economic impact of innovative American researchers, companies, and workers over the course of U.S. history have been enormous.
If the whole U.S. was like Silicon Valley, we'd be in good shape. But now, the entire U.S. is not driven by technology, is not driven by innovation.
Tech is a funny industry; I don't think there is any other industry on the planet that reinvents itself every 10-12 years.
My belief in why America has been doing so well up to now is that we have been propelled by our immigrants and our encouragement of technical innovation and, indeed, creativity across the board.
It used to be that almost all innovation came from the U.S. and a small number of other developed countries. That's no longer the case, and as China and India grow, it's changing even more. Expect a lot more Chinese and Indian Nobel prizes in the future.
I have to tell you that the innovation and the technology and the entrepreneurship of the world still lies in the United States of America.
The entire world is now a rival to Silicon Valley. No country, state, region, nor city has a lock on innovation in technology anymore.
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