I appreciate the author's invocation of Roger McNamee's insights and the historical perspective provided.
The post rightly underscores the dissonance between the hyperbolic success narratives of Silicon Valley and the reality of productivity growth, income inequality, and the viability of many tech business models. I couldn't agree more that the 'move fast and break things' ethos is not only inappropriate, but also potentially disastrous when applied to critical sectors like healthcare, energy, and agriculture.
However, I am slightly more optimistic about the application of digital technology to traditionally 'atom-based' industries. While there have been significant failures, there are also numerous examples of successful digital transformation in these sectors. The key, as the author suggests, is careful and thoughtful application of technology, along with a shift in mindset from disruption to resilience.
Lastly, I fully support the call for stricter regulation and cultural transformation within the industry. The unchecked excesses and moral hazards of the past decade cannot continue if we want a more equitable and sustainable tech industry in the future. A reckoning may indeed be imminent, but with it comes the opportunity for meaningful change and true innovation.