Notes from America with Kai Wright cover image

Silicon Valley’s History of Fumbles with Capitalism

Notes from America with Kai Wright

CHAPTER

The Stabilizing Role of Banks and the Failure of Silicon Valley

This chapter examines the historical relationship between banks and entrepreneurs in California, exploring their stabilizing role throughout turbulent times like the Gold Rush and the Great Depression. It also discusses the recent collapse in Silicon Valley and suggests that it is failing to fulfill its historical role of absorbing and repackaging excess capital.

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