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by woofie11
2025 days ago
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I think THE major difference was enforcement of noncompetes (as well as those as a proxy for a slew of similar regulatory differences). Financial resources went to route 128 because of a more corporate-friendly regulatory climate. Innovation came from Silicon Valley because of a more innovation-friendly regulatory climate. Guess which won out? US reached economic supremacy in part due to a weaker IP scheme than Europe, and China is doing likewise right now. Innovation requires a mixture of economic rewards (which doesn't happen in the absence of any enforcement), and building off of the work of others (which doesn't happen with strict IP laws). Massachusetts went off of the deep end of more is better. Coincidentally, Boston is doing better for big business, like biotech, in part because there, the balance falls in a different place. It's very tough to start a scrappy biotech, so the number of employee leaving to do a competing startup is pretty darned low in either case. The downsides of strong IP are smaller, and the upsides of weak IP are greater. |
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For a long time, Route 128 did largely win out, semiconductors in SV notwithstanding. The lead in computer-related technology did tend to shift to California with the shift to microcomputers. Although it's not clear that was in any way inevitable. (After all, Compaq was in Texas.)