Learning From Los Gatos

Why George Packer is wrong to see the tycoons of Silicon Valley as a “libertarian geek oligarchy”. Silicon Valley succeeds because it tries hard to find progressive ways of creating wealth. Founders get to be billionaires; but tens of thousands of managers become millionaires from share options; and waged workers get better conditions, and a bigger share of profits, than in most other parts of American industry (1,711 words)

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