Silicon Valley, with its roots in a counter-culture of dreamy cyber-gurus and anti-establishment hackers, has always thought itself different. Public money, in the form of defence spending and top-class research universities, made Silicon Valley. The advent of the personal computer as a tool for individual liberation introduced a culture of ethical egotism. Many of the tech revolutionaries have simply invented new ways to extract huge profits by unregulated means. We don’t need Silicon Valley; we need responsible capitalism.

Source: The Guardian September 19, 2016 19:10 UTC