The PBS documentary Silicon Valley is one of the best examples of how state incentives and market players functioned in the past to help create America's dynamic economy in the last half of the 20th century. Market reward for market performance is how it's supposed to work.
If you watch this then watch the incredibly frustrating "Untouchables" (which I posted on last week) you'll walk away with a better understanding of how dysfunctional and myopic our private market system has become over the past thirty years.
Market bailouts for market incompetence is not how it's supposed to work.
The vast majority of our current privatization and free market zealots don't seem to understand any this, or the real keys to market success (as Steve Jobs pointed out). The PBS documentary Silicon Valley helps shed light on the entire process.
Enjoy ...
Watch Silicon Valley on PBS. See more from American Experience.
- Mark
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