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| This page contains all of the posts and discussion on MemeStreams referencing the following web page: Silicon Valley Without Trimmings. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet. |
| Silicon Valley Without Trimmings by Jeremy at 7:09 am EDT, Jul 15, 2002 | |||
Within walking distance of Stanford, where the economist who coined the term "conspicuous consumption" once taught, a dark reality is playing out. Having already gone from boom to bust, many dot-commers are coming to something worse. Unable to make payments, they are selling luxury cars, canceling home renovations and returning jewelry by the box. This region has grown accustomed to high-technology highs and lows over four decades, but the current dot-com collapse has lasted longer and cut deeper. And the recently affluent technology workers who had come to believe in the "long boom," the idea that prosperity would be permanent, are quietly giving up their flashy signs of success to make ends meet. "There is a sense that money could go and jobs are not that stable. Those things are beginning to loom in people's consciousness." John Markoff comes back for chapter two of the Valley gloom and doom story ... | |||
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| Silicon Valley Without Trimmings by Decius at 1:49 pm EDT, Jul 15, 2002 | |||
"Within walking distance of Stanford, where the economist who coined the term "conspicuous consumption" once taught, a dark reality is playing out. Having already gone from boom to bust, many dot-commers are coming to something worse. Unable to make payments, they are selling luxury cars, canceling home renovations and returning jewelry by the box." Its hard to feel sorry for someone who has to sell their Lotus in order to make ends meet. Markoff could have talked about how the regional downturn has impacted the middle and lower classes, but would you care? Everyone in Silicon Valley is rich, right? | |||
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