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by jk2323
2963 days ago
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"Mark my words, Berlin will be Europe's Silicon Valley within a few years." Doubt it. Lack of professional attitude. Disastrous politicians. 3rd tier universities. Lack of capital. Large underclass, big welfare spending. It is very hard to set up a "silicon valley". The silicon valley had and has some very unique points, including military origins, if I remember right. Germany still has a strong and broad industry, which is lacking in most Eastern and Western European Economies. This is an advantage (try to do a non-software technology start-up in a country that does not have the suppliers and partners, then you know). In the end it is extremely unlikely that EUrope will achieve something similar than the Silicon valley. Yes, Berlin once was a scientific, cultural, industrial and technological powerhouse. These times won't come back. The more interesting question would be, can China manage to create a new silicon valley? I have my doubts. |
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I don't know what the comparable figures in Berlin are, but in Silicon Valley, about 11% live in poverty.
"About 11.3 percent of Bay Area residents are living at or below the poverty level, according to the report, “Poverty in the Bay Area,” that was released by the Joint Venture Silicon Valley Institute for Regional Studies. The data reflects levels reached in 2013, the most recent year for which these statistics are available."
https://www.mercurynews.com/2015/04/01/poverty-rates-near-re...