How Silicon Valley’s Capitalist Greed Continues To Cheat Creators And Rob American Culture

Donald Trump’s election night victory is having dire repercussions in Silicon Valley, where technology leaders — most of whom supported Hillary Clinton — were blaming themselves.

“Across the technology industry, the reaction to Donald J. Trump’s election to the presidency was beyond grim,” The New York Times reports in an analysis piece. “There was a sense that the industry had missed something fundamental about the fears and motivations of the people who use its products, and that the miscalculation would cost the industry, and the world, greatly.”

The report quotes Shervin Pishevar, a venture capitalist with the firm Sherpa Capital, saying: “We didn’t do enough. There were too many people in the tech industry who were complacent. They waited and waited and waited to get engaged in this election. And now we have this nightmare.”

The Times adds: “For some, buried in the visceral reaction was also a realization that the tech industry’s relationship with government — not to mention the public — looks bound to shift in a fundamental way.

“During the Obama years, Silicon Valley came to see itself as the economic and social engine of a new digital century. Smartphones and social networks became as important to world business as oil and the automobile, and Amazon, Apple, Facebook, Google and Microsoft rose to become some of the most prosperous and valuable companies on the planet.”

But the cozy relationship between Obama and tech is unlikely to translate smoothly to a Trump presidency.

“The incoming president had few kind words for tech giants during the interminable campaign that led to his victory,” The Times notes. “Mr. Trump promised to initiate antitrust actions against Amazon, repeatedly vowed to force Apple to make its products in the United States, and then called for a boycott of the company when it challenged the government’s order to unlock a terrorist’s iPhone.”

We encourage readers to click on the link to The New York Times near the top of this story to read the full analysis.

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