Techdirt


"The reason Silicon Valley became Silicon Valley wasn’t because a bunch of genius inventors happened to like California weather. 

"It was because of a complex web of institutions that made innovation possible: 
  • Courts that would enforce contracts (but not non-competes, allowing ideas to spread quickly and freely across industries), 
  • Universities that shared research, a 
  • Financial system that could fund new ideas, and 
  • Laws that let people actually try those ideas out. 
"And surrounding it all: A fairly stable economy, Stability in global markets, and (more recently) a Strong belief in a global open internet."


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