This post originally appeared on PhilipLay.com. To read the post from the original source click here.
Silicon Valley needs to dump its revenge-of-the-nerds culture and engage with the world
- Since the results of the Brexit vote came out on June 24th, commentators everywhere have emphasized the growing popular anger in the UK and elsewhere against immigration, open borders, international trade, and technology-enabled globalization in general.
- If the tech industry doesn’t wake up and take notice of this geo-political and socio-economic instability, it may well be seen as a new Public Enemy number one, becoming vulnerable to widespread populist rage and increasingly stringent regulation by national, regional and city governments as well as by the supra-national EU.
- Working in concert, industry and government have both a need and an opportunity to produce a new model of collaboration leading to greater integration to counter the deepening political polarization in western economies. Failing this, major regions of the world may give way to the divisiveness – or disintegration – that populist leaders love to feast on.
“Today’s challenges include economic stagnation and disruptions in the labor markets — driven to a large extent by technological advances moving at warp speed — that are widening income disparity, destroying jobs and hollowing out the middle class.”
– Henry Paulson, former U.S. Treasury Secretary, to some degree pointing a finger at the tech industry, quoted in an article in the Washington Post, June 24, 2016