Thoughts on the Silicon Valley Bank Collapse

This is probably going to be the mechanism to clean up foreign-compromised tech

Silicon Valley Bank was a very large bridge between the U.S. and China and between the U.S. and Israel, and it just blew up.

Most of the assumptions of the crypto bros and the libertarian tech people are completely wrong. This isn’t going to go the way you think it’s going to go.

There is so much utter nonsense in the startup economy that provides no social benefit, there’s so much talent out there wasted on stupid get-rich-quick schemes, many of which do nothing but muck up the real economy. There is a big difference between real science and tech, and fake schemes that play off people’s bias toward that sort of thing. You’re about to see what that difference is.

This bank collapse is going to be the way the U.S. cleans up the foreign-compromised tech industry. It is so richly necessary.

The main misdirection on the right that you see these days is to say “but TikTok!” Focus on TikTok! Ban TikTok! I have no problem with that, but the rot is so much deeper.

Welcome back to reality. How does it feel?