![]() ![]() Viewing the valley from the flight approach to San Francisco International, one is struck by how small the region is. That triumph can be attributed to the Valley's distinctive geography, history, and culture. ![]() The bank of expertise in Silicon Valley represents a triumph of the commons: resources are extracted and replenished in a self-regulating and efficient manner that promotes cooperation and growth. The culture of Silicon Valley turns that system on its head. Adding sheep to a flock grazing on the town commons made sense for the individual but eventually brought ruin to all. His original example was of colonial farmers. But it's really more complicated than that.īiologist Garrett Hardin coined the phrase "tragedy of the commons" to describe a system in which people acting rationally and in their own self-interest destroy the very resources they all share for their livelihood. Why do so many wanna-be entrepreneurs like Scott Rozic, founder and CEO of XMarkstheSpot, head for Silicon Valley? The reason may seem as obvious as why Willie Sutton robbed banks-because that's where the money is. ![]()
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