In May of 2003, we pointed out that the NY Times was running an article which suggested that Silicon Valley was becoming more like Detroit -- no longer driving the economy, but just a cog with cyclical ups and downs. In other words, it's just a producing industry, rather than an innovating one that increases efficiencies or changes the overall market. It appears that despite what appears to be a return of some interest in the tech world, the NY Times is still pitching almost exactly the same story and is comparing Silicon Valley to Detroit again -- though, at least they give equal space to those who disagree. This isn't to say Silicon Valley, the geographical region, isn't facing challenges -- but to compare "technology" in general to "the automotive industry" specifically, is clearly an apples and oranges comparison. The technology industry isn't just about final products, but about making the process more efficient. It doesn't always work -- and there are other factors involved, but the entire tech industry doesn't die off just because the economy had some problems.
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