A seasoned Silicon Valley businessman — an older man of the pre-dotcom generation who’s seen his fair share of booms and busts — once told me that he had discovered the fatal weakness of the technology industry. It is that semiconductors are the most capital-intensive and innovation-intensive industrial products in history, yet everyone wants to pretend that they are commodities. “People have no idea what it takes to make these things,” he told me. “They think they’re no different than potatoes. They want
A General Campaign at the Local Level for Laissez-Faire Capitalism (Part 9 of 10)
What would be required to restore New York to its former prosperity and greatness would be the combination of the elimination of public welfare, the abolition of rent controls, and the privatization of the city’s transportation system.
