How Silicon Valley’s Leap Ahead Was Preceded by Visible Government Footsteps

The recent passing of Intel co-founder Gordon E. Moore at age 94 has brought back well-deserved stories about how this tech legend played a leading role in developing silicon microprocessors, which served as the foundation for the exponential growth of our modern computer age. But this Big Bang in Silicon Valley was preceded by a series of events that created the environment that allowed Moore and his brilliant colleagues – notably Intel co-founder Robert Noyce – to achieve the technological breakthroughs that have changed the world.

Silicon Valley is a noted center of technological advancement and entrepreneurship, achieving innovations that have left lasting and unmatched imprints on society, here and abroad. Its centrality to such developments as the personal computer, social networks, and cloud computing has made the region so successful, with continual fueling by venture capital. Few are aware, however, that the staggering growth of the area had its roots in Washington, D.C., during the regulation-intensive climate of the late 1940s through the late 1950s.

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News Corp. CEO Robert Thomson: Telling It Like It Is

It’s not every day that a speech given by a publishing executive is truly noteworthy, but remarks given earlier this month by Robert Thomson, CEO of News Corp., are the exception to the rule.

Speaking on August 13 at Australia’s Lowy Institute for International Policy, Thomson delivered a powerful speech in which he decried, among other things, the business practices of “distribution” companies like Google, the commentariat’s disdain for markets, the theft of intellectual property, and the politically correct mindset of Silicon Valley.

Though now chief executive officer of one of the largest newspaper and publishing companies in the world, Thomson has spent most of his life as a journalist, having earlier in his career been an editor of the Financial Times, The Times newspaper in London, and the Wall Street Journal.  And it’s these experiences that inform his views about the media and more.

Speaking about markets, Thomson had this to say:

When some commentators speak of markets it is in the abstract, slightly pejorative sense – markets are actually an aggregation of collective effort and hope and action….  >> Read More