And if that fuel of innovation is exhausted? “My fear is that Silicon Valley has become more like Hollywood,” says Glenn Kelman, chief executive officer of online real estate brokerage Redfin, who has been a software executive for 20 years. “An entertainment-oriented, hit-driven business that doesn’t fundamentally increase American competitiveness.”
Bleak view if technology has stopped working on anything substantial. The other two big industries of developed countries are finance, which mostly produces bubbles and debt, and energy which only wastes unrenewable resources. What is left, the arms industry?