According to the above New York Times article, Steve Jobs tried to create a manufacturing culture in Silicon Valley:
Apple’s co-founder, Steve Jobs, had an abiding fascination with the tradition of Henry Ford and the original mass manufacturing of automobiles in Detroit, as well as the high-quality domestic manufacturing capabilities of Japanese companies like Sony….
In 1983, Mr. Jobs oversaw the construction of a state-of-the-art plant where the new Macintosh computer would be built. Reporters who toured it early on were told that the plant… was so advanced that factory labor would account for 2 percent of the cost of making a Macintosh….
“We don’t have a manufacturing culture,” Mr. [Jean-Louis] Gassée [, former president of Apple’s product division,] said of the nation’s high-technology heartland, “meaning the substrate, the schooling, the apprentices, the subcontractors.”
To begin building a manufacturing culture in the United States, we propose the creation of an Advanced Manufacturing High School in New York City.
In comparison to the United States, Germany has long had an institutional infrastructure in place that supports and promotes advanced manufacturing. German manufacturing firms are well supported at national and regional level, by education and training, the research infrastructure of the nation, and by other institutions such as employer associations and unions.
Paul Romer is a renowned economist, a pioneer of endogenous growth theory, and a co-recipient of the 2018 Nobel Memorial Prize in Economic Sciences. He believes that the world can create dozens, perhaps hundreds, of new high-density “charter cities” to encourage faster growth that is greener too. Each charter city could be a place where millions of poor families could become residents, live, and work under better rules and lift themselves out of poverty. Inspired in part by Hong Kong and China’s special economic zones, such cities would give millions of desperately poor people their first formal-sector jobs, in many cases starting out in labor-intensive manufacturing (e.g. assembling garments or electronic devices) and services (e.g. call centers, outsourced business processing, or software quality assurance.)
A major problem in the United States is that most of us lack an intuitive understanding of the difference between creativity and innovation. They require a fundamentally different set of processes, a different skill set, and a different mindset.
Western culture is intellectual and overrates the power of creativity and individualism. Silicon Valley is a Ponzi Scheme and Innovation is Driven by Government Policy. China is Very Optimistic about the Future:
China is incredibly optimistic right now…. [Chinese citizens have] the sense that they’re in a country that can do anything. I remember that growing up. America felt like that in 70’s, 80’s, and 90’s and it went away….
Another important point to understand that persuasion in an unconscious process. For example, a few months ago, Amazon and Apple were much bigger companies than Microsoft by market cap. Now Microsoft is the largest company by market cap. There were no big shifts in fundamentals but Microsoft for the most part avoided being mentioned in anti-trust talk.
Also, it is very difficult to logically convince other people that your idea is any good and the more original your idea the more difficult it becomes.
There’s an article about the secret to getting rich is having a stupid idea, but it is also important to understand the power of complex ideas. It is difficult for large organizations to implement complex ideas.
Sal Rajput is a Principal at Walison Corporation, a real estate development and construction firm with a focus on developing and constructing quality new affordable housing in New York City, and the surrounding areas. He is also the Founder and Principal of Empire State Development Fund (R), a federally-designated immigrant-investor regional center dedicated to job creation and economic growth through foreign investment in the NY-NJ-CT-PA region.
Digital companies tend to grow a whole lot faster than industrial age companies. It’s a lot quicker to scale up on Amazon Web Services than it is to build factories, deliver goods to showrooms, or establish global supply chains. Digital companies and business models also tend to scale more totally and rapidly than their predecessors. So while automobiles replaced horses in the industrial age, that took decades to happen and involved many different automobile manufacturers. When Amazon replaces the book industry, or Uber replaces the taxi industry, it happens a lot more rapidly, and there’s often one dominant player.
The main way the digital version of capitalism is more destructive is that most of these business models are not developed for long-term prosperity. The businesses do not need to succeed. They simply need to dominate their markets completely enough to establish monopolies, and then leverage those monopolies to move into new verticals. Amazon chose the book industry because it was low-hanging fruit: a vulnerable industry with no growth potential, easily disrupted by a player with a big enough war chest to undercut everyone’s margins. Amazon doesn’t need to make money with books.
While many VCs like to say they invest in people, very few of them have a goal to change the world, Blank explained. In reality, most of them have bosses, and singular goal is to make money.
“While they might like you, you’re just part of a liquidity Ponzi scheme,” he said. “Their only goal is to make you liquid or go public. They will support you to do that, but that’s about it.”
Chamath Palihapitiya, the outspoken Silicon Valley tech investor, called the start-up economy a charade on Wednesday, while also addressing the current the state of Social Capital, his embattled investment firm.
“We are, make no mistake … in the middle of an enormous multivariate kind of Ponzi scheme,” said Palihapitiya, at the Launch Scale conference in San Francisco.
Palihapitiya slammed the start-up cycle of raising funding rounds and spending money to boost user growth to attract bigger funding rounds.
“It’s all on paper, but it looks amazing,” Palihapitiya said. “You’ve been told to grow, so you’re growing. You’re doing your job.”
We face a form of capitalism that has hardened its focus to short-term profit maximization with little or no apparent interest in social good.
Where we live, work, and play has a major role in shaping our health. Rates of chronic diseases attributable to the design of the built environment—including obesity, diabetes, heart disease, and asthma- are on the rise. The built environment also has direct and indirect impacts on mental health, including depression and anxiety. This is true for everyone, but is felt even more among vulnerable populations, who are less likely to have access to nutritious, affordable food and opportunities for physical activity and are more likely to be exposed to environmental pollutants and circumstances that increase stress.
Addressing growing health challenges and inequities requires new partnerships and collaboration between built environment and public health practitioners, and a health-focused approach to landscapes, buildings, and infrastructure. The Joint Call to Action to Promote Healthy Communities brings together eight national organizations calling upon members to collaborate with one another to create healthier, more equitable communities. When professionals in the fields of the built environment and public health work together, we multiply our potential to improve health.
The prevalence of low-density, automobile-dependent communities has resulted in unsustainable lifestyles that increasingly threaten human health and well-being. In addtion to inflating housing and transportation costs and increasing carbon emissions, disconnected communities reliant on cars create sedentary lifestyles. The lack of access to environments that encourage daily exercise, provide clean air and water and offer affordable services and nutritious food has meant growing epidemics of depression, obesity, diabetes, asthma, and heart disease.
Communities can promote human health and well-being by encouraging the development of environments that offer rich social, economic, and environmental benefits. Healthy, livable communities improve the welfare and well-being of people by expanding the range of affordable transportation, employment, and housing choices through “Live, Work, Play” developments; incorporating physical activity into components of daily life; preserving and enhancing valuable natural resources; providing access to affordable, nutritious, and locally produced foods distributed for less cost; and creating a unique sense of community and place.
Communities need to maximize opportunities for daily exercise like walking and biking. Landscape architects encourage communities to move towards compact, transit-oriented land-uses that connect mixed-use developments, neighborhood schools, and a range of affordable housing choices. They assist communities in developing healthy green buildings and open spaces that promote efficient water and energy use and provide substantial amounts of vegetation to clean air and cool temperatures. In doing so, these communities can avoid the expensive health epidemics associated with automobile dependence, sedentary lifestyles, along with the high costs to the environment brought by dysfunctional patterns of living.
One of our long term goals is to build a facility inspired by the design of the Center for Urban Agriculture. The building will include fields for growing vegetables and grains, greenhouses, and rooftop gardens. It will also include a supermarket, health clinic, and affordable housing. We will use EB-5 financing, Low-Income Housing Tax Credits, and New Markets Tax Credits.
Clay Shirky [14:04]: China is incredibly optimistic right now…. [Chinese citizens have] the sense that they’re in a country that can do anything. I remember that growing up. America felt like that in 70’s, 80’s, and 90’s and it went away….
Scott Galloway: You expect to see chickens running around JFK.
Seth Klarman, who has $30 billion under management at Baupost Group and is estimated by Forbes to be worth $1.5 billion, was once the biggest donor to the Republican Party in New England. This year he gave some $20 million to Democrats.
Klarman has been alarmed by Republican attempts at voter suppression, and by a president who demonizes immigrants and suggests that Muslims, Hispanics and Blacks are second-class citizens. He told New York Times op-ed writer Bari Weiss that he feels “betrayed” by “spineless” Republicans who have, with rare exceptions, been “profiles in cowardice.” Anyone still counting on them to stand up to the president is delusional. A Democratic majority, Mr. Klarman said, is the only option to “act as a check and balance.”
The Robin Hood Investment Conference is an annual event where about 1,000 investors pay as much as $7,500 each for two days of talks. From their website:
THE ROBIN HOOD INVESTORS CONFERENCE GATHERS THE BRIGHTEST AND MOST INFLUENTIAL POLICY EXPERTS, HEDGE FUND MANAGERS, FINANCIAL LEADERS, TECH INNOVATORS AND REAL ESTATE INVESTORS TO SHARE MARKET INSIGHTS AND GIVE ACTIONABLE, MONEY-MAKING INVESTMENT IDEAS.
100% OF TICKET SALES GO TO FIGHT POVERTY IN NEW YORK CITY.
At the 2017 Robin Hood event, Seth Klarman said:
The president is a threat to democracy. He has attacked journalists and he’s threatening to take away NBC’s license. He’s attacking judges. He’s violating all sorts of democratic norms, from the emoluments clause to questioning the election and threatening to lock up his opponent.
People don’t focus on this but Nazi Germany had a constitution before Hitler came to power and at the end of the war they had the exact same constitution. It lasted all the way through, but democracy didn’t.
The country is getting divided, whether it’s immigrants, whether it’s transgender people, whether it’s blacks, whether it’s Mexicans. It’s awful.