Could Silicon Valley's Success Be the Cause for Its Downfall
at 7:50
Answer
While the economy is doing well, people in technology circles fall under a false impression that technology is the answer to all of humanity's problems and they, tech founders and employees, are the winners. This notion is then further reinforced by the groups outside of the Valley who are cheering for tech and associated growth, making people in the bubble feel right. This newly acquired empowerment and wealth then turn tech people's focus on attaining more wealth, instead of solving problem they'd originally set out to solve, and as a result, cause their long-term success to dwindle.
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