I've had a lot of the same thoughts about SV, tech, and the economy that Tim O'Reilly expounds on in this essay. These are the points I liked:<p>- Biotech and green energy (GND) being the next two big growth segments of the economy<p>- SV ethos and entrepreneurs unequipped for both of these fields<p>- Big tech will eventually be regulated and (perhaps) broken up<p>- Big platforms should be using their algorithmic systems on improving human welfare, not on hate and echo chambers<p>- The demise of labor unions means we have a class of "precariat" gig workers who lack collective power<p>- There will be climate billionaires in the US<p>- There is so much physical work that needs to be done to create climate resiliency that we shouldn't have unemployment for a decade<p>- When the bubble ends, greater opportunities will remain. New innovation in medicine and climate will be capital intensive<p>I think the difference between me and Tim is that all of this convinces me we need a planned economy.
“I think the biggest innovations of the 21st century will be at the intersection of biology and technology. A new era is beginning.”<p>- Steve Jobs, 2011