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by runnerup 1379 days ago
There's a lot to criticize the last 10-20 years of silicon valley for, but I don't inherently see it as negative that there's a continued concentration of diverse high-value labor in an area which has a lot of capital to deploy. It's worked out great in the past whenever areas pulled in a lot of smart people to work together.

I do hope that we move the goalposts closer to "value-creation" rather than "capturing value" but I think the way to do this is to glorify stories of value-creation and apply high taxes to rentiering wherever we find it. Although there is some non-global local value in supporting domestic rentiering of global products/services and ensuring that the outsized/unfair international revenues are re-deployed to domestic initiatives to chase novel value creation.