A Local Revolution?

21 hours ago

Startups may represent a new economic phase similar to the Industrial Revolution, significantly boosting productivity.
Startups, like the movie business, flourish only in specialized centers such as Silicon Valley, not spreading widely.
The spread of startups is slower than the Industrial Revolution, partly because they are a social phenomenon tied to communities of expertise.
Unlike railroads or power grids, there is no market need driving startups to spread to every region.
Existing startup hubs like Silicon Valley attract startups, making it harder to establish new hubs deliberately.
Government policies are unlikely to successfully create a startup hub; random factors and existing hubs' pull dominate.
A potential shortcut for creating a startup hub is paying startups to relocate, but governments lack the will or skill.

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