Free markets 🔜 Innovation

Silicon Valley could never have come to be without the presence of visionary, audacious business leaders. Reagan and his conservative allies also were right when they argued that overly regulated markets and nationalized industries could present big hurdles to entrepreneurial innovation—many of the globe’s would-be Silicon Valleys attest to that.

Maybe governments should read books 🤓 ( in English). Answers about how to push entrepreneurs and let them innovate are part of the history of places like Silicon Valley.

Many of the men and women who had been at the ground floor of what they called the “personal computing movement” were children of the sixties counterculture, whose leftist politics were as far from Reagan’s conservatism as you could get. Yet here was one place where the hippies and the Gipper could agree: the computer revolution had a free-market soul.