Tech companies are reinventing the past. So is the future in the wrong hands?by Samuel Palin / July 20, 2017 / Leave a comment
Lately, Silicon Valley’s tech giants have spent a lot of time and effort inventing things that already exist.
Lyft Shuttle, a new ride sharing service that offers cheap rides along a predetermined route, sounds a lot like another form of public transportation: the bus. And Google’s new worker villages would be familiar to many Victorian mill owners—not to mention many feudal landlords.
It’s easy to laugh at stories like this. But it’s also worth pondering what they mean. Are tech companies out of ideas? If they are, where should we turn to for new ones?
For many, Silicon Valley is synonymous with innovation. It brought us William Shockley’s silicon transistor, Apple’s iPhone, and everything inbetween. Nowadays, this innovation is big business: Silicon Valley has an economy the size of Ireland, and tech continues to outpace the rest of the US economy.
That growth is partly down to Silicon Valley’s knack for creating products and services people really want. But it’s also down to massive investment—both public and private—towards future products and services.