@Tyler Cowen talking to Patrick Collison:
I think it will shock people how few tech clusters develop
I think the final number of tech clusters will be quite small: the Bay Area and several parts of China, Israel being a much smaller but still potent one.
Because it’s a fragile ecosystem.
It’s about project evaluation, it’s closeness to the number of major financial centers, and there are relatively few of those.
COWEN: Yes, absolutely. But again, you need funny kinds of insulation, too. It’s having both that makes a place special. So you don’t want a completely open system. You want a rhetoric that, “Oh, it’s all so open and incredibly fantastic . . .”, but that it absolutely isn’t at the same time.